If the U.S. goes back on the gold standard, what does that mean for silver holders?

Posted on July 10, 2013 by DRenegade

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rogerunited
rogerunited
11 years ago

I’m not an economics guy, I try, but it makes my eyes glaze. What would going back on the gold standard mean generally? In the sense of everyday economic transactions, salaries, cost of goods, etc.

DRenegade
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DRenegade
11 years ago
Reply to  rogerunited

More than likely, the dollar will be replaced by a basket of currencies and gold. Even a partial gold standard will stabilize the economy and protect our savings. But the dollar will collapse.

rogerunited
rogerunited
11 years ago
Reply to  DRenegade

It would also mean deflation, wouldn’t it? At least short term?