Posted Dec 3, 2012 by Martin Armstrong
I have been stating that gold will never be adopted for a gold standard because to do so means government will have to admit they were wrong. That is a major deterrent and I have warned that they will never adopt a gold standard and that best we can expect is that gold becomes the means of conducting international trade. This position is not merely supported by history, it is also self-evident in the current position of gold.
Gold will rally when it comes time to do so. But it is the hedge against government – nothing else. Looking at how it has become the mechanism for trade.