The Gold Standard Never Works For Long

People have tried the gold standard many times. It has always in the end been abused by politicians. They cheat the public, they start cutting back on it, they abandon the gold standard. It might work for a while, but nothing has ever lasted forever. So we can try the gold standard but it will not work. It has never worked before for any long period of time.

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Jim Rogers

JIM ROGERS : The Return to The Gold Standard Has Zero Chance of Happening

GEOFF CANDY: There's been talk over the last few days about the fact that the Republican Party put the potential for a return to the gold standard on their party document. It seems unlikely that that would actually happen. Is this purely a political ploy, do you think, or would we likely see perhaps a changed role for gold, should we see a change in the White House?
JIM ROGERS: No there's zero chance of that happening - let's say the Republicans win in 2012, zero chance it's going to happen in the next four or five years. It's a sop to Ron Paul and to some of the disgruntled members of the Republican Party - zero chance. - in mineweb



Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.