The Market Traders

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Even talk of a gold standard would boost the price Commentary: Current monetary system is breaking down

Andy's picture
Wed, 08/29/2012 - 3:37pm -- Andy

What would it take to break the gold price out of the $1,600 to $1,700 an ounce range in which it has been trading for the past year? Another massive blast of quantitative easing from the Federal Reserve? A final breakdown of the euro? A war between Israel and Iran?  They are all possibilities, of course. But the most likely candidate is a serious debate about a return to some form of the gold standard.