Jim Grant prône un retour à l'étalon-or

Un autre analyste respecté se joint au mouvement idéologique voulant rendre officiellement à l'or son titre de métal monétaire.

Via Zero Hedge:

Jim Grant Joins The Chorus Demanding A Return To The Gold Standard

Submitted by Tyler Durden on 11/14/2010 15:30 -0500

We salute Jim Grant for joining the ever greater chorus demanding a return to the gold standard: "Let the economists gasp: The classical gold standard, the one that was in place from 1880 to 1914, is what the world needs now. In its utility, economy and elegance, there has never been a monetary system like it." And no, as Jim Rickards among others claim, a return to the gold standard would not be deflationary...if gold were to be converted to the USD at between $5,000 and $35,000/oz.

How to Make the Dollar Sound Again, by James Grant

Originally appearing in the New York Times

BY disclosing a plan to conjure $600 billion to support the sagging economy, the Federal Reserve affirmed the interesting fact that dollars can be conjured. In the digital age, you don’t even need a printing press.

This was on Nov. 3. A general uproar ensued, with the dollar exchange rate weakening and the price of gold surging. And when, last Monday, the president of the World Bank suggested, almost diffidently, that there might be a place for gold in today’s international monetary arrangements, you could hear a pin drop.

Let the economists gasp: The classical gold standard, the one that was in place from 1880 to 1914, is what the world needs now. In its utility, economy and elegance, there has never been a monetary system like it.