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Sunday, September 9, 2012
Return to the Gold Standard
Steve Forbes is saying that we will have to return to the gold standard if we continue to have low interest rates and the federal government buying treasury holdings (bonds) and mortgage-backed securities from banks. So, if we return to the gold standard, what effect will this have on the price of real estate? We know that it would raise the price of gold and strengthen the dollar, but what about real estate values? Comments anyone?
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