Zimbabwe Talks Of A Gold Standard

Discussion in 'Markets & Economies' started by Jing, May 23, 2011.

  1. Jing

    Jing Member Silver Stacker

    Joined:
    Mar 1, 2011
    Messages:
    532
    Likes Received:
    1
    Trophy Points:
    18
    Location:
    Melbourne
    source: http://woodlawnpost.com/?p=16960

     
  2. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,821
    Likes Received:
    599
    Trophy Points:
    113
    Location:
    Australia
    Nice find, thanks

    They might just give it a whirl to see how it goes.

    Most other countries seem hesitant because of all of the complications but I can see Zimbabwe just giving it a shot and seeing what happens.

    I would be getting some for sure but I would want the specie, not just silver certificates.
     
  3. CriticalSilver

    CriticalSilver New Member Silver Stacker

    Joined:
    Dec 10, 2010
    Messages:
    2,725
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Australia
    LOL - well after there own experience at money printing, they have adopted the USD as their de facto national currency. They must be running scared at the prospects of two hyperinflation episodes in such a short period of time, watching what is going on with central bankers around the world. Seems Mr. Gono is a man ahead of his time . . . by maybe 5 years.

    http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
     

Share This Page