While Ron Paul is generally considered to be the foremost proponent of the gold standard, he has gained quite a bit of company in recent months. The idea of the United States returning to a gold standard is gaining considerable traction among many Republican 2012 presidential candidates.
“Nearly half the Republican presidential field has hinted at endorsing a return to the gold-backed dollar, a monetary policy abandoned 40 years ago,” according to Hannah Hess of IowaPolitics.com. In a recent article, Ms. Hess quoted several Republicans running for President, as well as other notable politicians, making favorable comments about a return to some form of a gold standard.
Herman Cain was quoted recently as saying that “Our dollar is suffering. It’s similar to when we wake up in the morning, an hour is 60 minutes. We don’t have to go look in the paper to see what it’s worth. We’ve got to get back to a dollar is a dollar is a dollar. . . Yes, we do need a gold standard to do that.”
Newt Gingrich, former Speaker of the House, has called for “hard money with a very limited Federal Reserve.”
Steve Forbes – who ran for President as a Republican in 1996 and 2000 – earlier this year predicted that the U.S. will return to a gold standard within the next five years.
Kent Sorenson, a state senator in Iowa, asserted that “Right now we have a Federal Reserve printing money that’s not backed by anything — it’s just paper. Hess noted that Sorenson – who is supporting Michelle Bachmann in her presidential bid – has proposed a measure legalizing gold and silver coins as currency in Iowa.
Claude Demonstrates Growth Potential of Amisk Gold Project
The Canadian-based gold producer reported that 18 holes in total and 5,500 meters have been drilled to date in 2011, with assays returned for 14 of the holes. The program tested from surface to in excess of 250 meters depth and was designed to expand the limits of the Amisk Gold Deposit as well as infill within the northern and eastern portion of the deposit. Full Claude Resources Press Release.
