Republicans weigh embracing gold standard once again
US Republicans have all but guaranteed the backing of the "gold vote" this November by raising an idea that even the most bullish mainstream bullion boosters believe is unrealistic - a return to the gold standard. Gold prices would likely surge to $10,000 an ounce, the greenback's credibility would vanish and global superpowers would risk a new trade war if Republicans were to restore the link between the US dollar and gold that was severed 40 years ago.
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