The world needs another hard currency to anchor its financial system on, but a full gold standard today would put too much power in the hands of a small group of miners and engineers, this according to financier and media mogul Conrad Black.
“My idea is somewhat similar to Keynes, who in most respects I don’t agree with, but a gold/oil consumer basket of some sort,” Black told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
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