Judy Shelton Returns With A Bold Plan To Restore Gold

• Judy Shelton Returns With A Bold Plan To Restore Gold
  by SchiffGold.com, via https://www.zerohedge.com/
  2024 has demonstrated why gold is worth investing in, especially for foreign central banks, who seek to shore up the weaknesses of their fiat currency by buying gold.
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  In her newest work, former Trump administration advisor Judy Shelton argues that a return to sound money requires going back to gold. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.
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  Gold is on the rise, and so is the typical gold-standard nostalgia that has erupted every time price inflation, banking crises, and/or debt concerns have reappeared after the fall of the Bretton Woods gold-exchange standard in 1971. Certainly, the precious metal’s ascent, as usual, is signaling that all is not well.
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  Earlier this year, the precious metal soared past $2500 an ounce to all-time price highs, making it one of the best-performing assets of 2024, following a price gain of 13 percent in 2023—the result of persistent economic as well as geopolitical uncertainties. More interestingly, perhaps, the World Gold Council reports that central banks have been the precious metal’s most aggressive buyers, purchasing 1,037 tons of gold in 2023 alone—the second highest annual purchase in history—following the record high of 1,082 tons in 2022. Indeed, a Gold Council survey revealed that 29 percent of central banks respondents planned on increasing their gold reserves in the coming year—the highest percentage since the World Gold Council began this survey in 2018.
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  A recent piece in The Times (of London) sums up the moment:
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