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<p>[QUOTE=&quot;Tejas, post: 7835285, member: 84905&quot;]Agreed, the attempt to return to the gold standard at pre WWI valuations was a catastrophic decision, which let to depression and deflation. If a gold standard were to be created in future, it would have to be at new valuations that covers large parts or all of the now existing money supply.&nbsp; To achieve that, central banks would need to set a new gold price at somewhere north of 50&#039;000 USD per ounce, by promising to buy any supply below that price. The gold price would jump immediately to the new valuation and the gold standard would be restablished without need for deflation or depression. So it is possible, but highly unlikely.[/QUOTE]</p><p><br /></p>

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