Note that I have only traded gold on the short side.
Despite problems with the current system, a gold backed system ensures poverty and low growth.
Could the world go back to the gold standard? | martin wolf's exchange | Economic commentary from the Financial Times – FT.com:
"In short, we cannot and will not go back to the gold standard. As L.P. Hartley wrote, “The past is a foreign country: they do things differently there.” We cannot live in the 19th century. It is foolish to pretend that we can."