Part II: Gold Standard in Next 5 Years, China First – John Butler’s "The Golden Revolution"

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In Part 2 of our special interview with John Butler, author of “The Golden Revolution”, we continue our talk about the re-implementation of a gold standard and what exactly that would take and look like. Butler believes that a return to the gold standard is inevitable, and that China is likely to be the first since they are ripe with the specific conditions that would encourage a country to consider a return to the gold standard, such as being a net-creditor nation (account surplus), having an existing gold reserve, and having other countries as partners, also willing to return to a gold standard, in order to mitigate the impact on trade. Other areas likely to return to a gold standard other than China include other Asian manufacturing countries, as well as commodity-producing countries, such as oil rich areas in the Middle East, etc. We explore this and other aspects of “The Golden Revolution”. For Kitco News, Daniela Cambone reports. May 3, 2012.

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