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8.20.2011

United States Will Be Back On The Gold Standard Within 5 Years




The United States will likely return to the gold standard within five years in order to correct fiscal and monetary imbalances, says former GOP presidential candidate and Forbes magazine publisher Steve Forbes.
The gold standard, under which the U.S. dollar was pegged to gold and silver instead of nothing as it is today, was abandoned by President Richard M. Nixon in 1971.

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