The Gold Standard Issue #45 | 15 September 2014

I sometimes ponder on where the process of Gold circulation will begin. Many parts of the world have some history on their side.
Asia, with its long tradition of using Gold and silver as money (and of effectively hiding it when necessary), is an obvious candidate. Though paper money emerged from Asia (China 1024AD), it never gained the hold there that it did in the West. Gold is still hoarded throughout much of Asia, just as it has been for thousands of years. India in particular has a long and proud tradition as the Gold and silver sponge of the world.

more