There has been increasing talk about the potential restoration of a gold standard arising from people and governments across the world seeking to protect themselves from the weaponization of the United States dollar’s world reserve currency status. How long can dollar hegemony last when the government behind the dollars is sanctioning people and governments around the world with abandon? There must be a way out of this mess, and the many centuries long history of using gold as money points to one tried-and-true path.
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Going for the Gold in Texas
This March, voters in the Texas Republican primary election will see on their ballots a proposition calling for the state government, utilizing its Texas Bullion Depository that began operations in 2018, to advance the use of gold and silver as legal tender.