The Conversation (0)
FT.com explains role for gold in the world’s monetary system.
FT.com explains role for gold in the world’s monetary system.
The editorial is quoted as saying:
“Gold is now being viewed as an alternative monetary asset,” Mr Zoellick said. But he added that he was not calling for a return to a gold standard, like the pre-1971 system under which currency was convertible into gold.
