Given that the debt crisis of the West has now critically destabilised the global dollar reserve standard that is a legacy of the Bretton Woods monetary system, it is inevitable that, in the transition back to a sustainable monetary order, gold will be at least partially if not fully remonetised to restore trust in international monetary relations. As a result, it is highly likely that the world will in some way reinstate a formal gold standard for settling international balance of payments.
John Butler, CEO Atom Capital, London
Author of the book «The Golden Revolution»
Given that the debt crisis of the West has now critically destabilised the global dollar reserve standard that is a legacy of the Bretton Woods monetary system, it is inevitable that, in the transition back to a sustainable monetary order, gold will be at least partially if not fully remonetised to restore trust in international monetary relations. As a result, it is highly likely that the world will in some way reinstate a formal gold standard for settling international balance of payments.