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It is quite challenging to fully understand and comprehend governments’ attitudes towards gold. So many times we have heard the preaching against this precious metal. We were being informed that the gold standard, or actually any commodity standard (that is an anti-central bank standard), is too burdensome to keep the economy going (or too burdensome for the central bank to survive). Horrible demons of deflation would eventually come out on top, and what business sector wants price deflation to happen?
