Is There A Potential Future For A Gold Standard

Christian argues a gold standard is highly unlikely and undesirable, citing historical evidence of greater economic volatility and no inflation prevention. He notes gold's role in reserves rose mainly from price appreciation, not buying. Consolidation in metals expected through August. Dollar dominance slowly eroding.

Yields sideways , medium term, interviewee implicit

implicit

NDX

RUT

Oil

Metals rangebound , medium term, interviewee explicit

explicit

USD cautious down , medium term, interviewee implicit

implicit

CPM Group 2.2
Trade Association
Jeffrey Christian 7.0

Is There A Potential Future For A Gold Standard

gold; silver; platinum; palladium

dxy

Christian notes a slow decline in the dollar's share of foreign exchange reserves from ~60% to ~57-58%, and a larger decline in the euro's share. This implies a gradual weakening of the dollar's dominance, though not a sharp decline.

8/15/2025 9:50:52 PM	short term cautious down	7 days later	+0.26%	-0.13%

metals

Gold, silver, and platinum prices are entering a consolidation period that could last several months through August. Silver is trading between $70 and $90, platinum between $1,800 and $2,200.

5/5/2026 9:15:25 PM	short term cautious down	5 days later	+4.44%	-2.22%
4/28/2026 11:03:17 PM	medium term cautious down	20 days later	+0.01%	-+0.00%
3/26/2026 10:36:06 PM	medium term cautious up	20 days later	+8.71%	+4.36%
3/17/2026 8:10:23 PM	long term up	61 days later	-3.12%	-3.12%
3/10/2026 8:21:46 PM	long term up	61 days later	-5.42%	-5.42%
3/4/2026 11:49:04 PM	long term cautious down	60 days later	-10.98%	+5.49%
2/2/2026 9:12:01 AM	short term sharp down	6 days later	+1.02%	-1.52%
1/27/2026 11:28:44 PM	medium term up	20 days later	-21.66%	-21.66%
1/23/2026 11:34:16 PM	long term up	60 days later	-22.49%	-22.49%
1/2/2026 11:05:46 PM	medium term cautious up	21 days later	+24.33%	+12.16%
12/29/2025 6:58:39 PM	long term up	62 days later	+19.88%	+19.88%
12/19/2025 11:20:49 PM	short term up	7 days later	+0.39%	+0.39%
12/9/2025 9:56:43 PM	long term up	61 days later	+25.27%	+25.27%
12/2/2025 10:26:11 PM	long term up	61 days later	+19.34%	+19.34%
10/21/2025 9:30:46 PM	long term up	61 days later	+18.75%	+18.75%
10/14/2025 12:02:53 AM	short term sharp up	5 days later	-0.74%	-1.11%
9/19/2025 9:15:26 PM	long term sharp up	60 days later	+10.10%	+15.15%
9/12/2025 9:25:11 PM	short term up	7 days later	+2.06%	+2.06%
9/9/2025 9:15:19 PM	short term up	5 days later	+1.78%	+1.78%
9/5/2025 7:05:22 PM	long term up	60 days later	+12.34%	+12.34%
8/26/2025 8:08:07 PM	medium term up	20 days later	+8.84%	+8.84%
8/22/2025 8:43:34 PM	short term up	8 days later	+5.10%	+5.10%
8/13/2025 5:13:42 PM	medium term up	20 days later	+6.88%	+6.88%
8/8/2025 8:04:49 PM	short term sharp up	7 days later	-0.25%	-0.38%
8/5/2025 7:24:42 PM	medium term sharp up	20 days later	+0.66%	+0.99%

Show all metals results

yields

Christian argues that modern monetary policy has led to fewer, shorter, and shallower recessions and longer expansions, implying a stable interest rate environment without sharp moves. He does not forecast yield changes directly.

12/9/2025 9:56:43 PM	short term down	5 days later	+0.43%	-0.43%
12/2/2025 10:26:11 PM	short term down	5 days later	+2.83%	-2.83%

Jeffrey Christian

Gold, silver, and platinum prices are entering a consolidation period that could last several months through August, with gold around $4,550, silver between $70-$90, and platinum in a $1,800-$2,200 range.

Investment demand is steady, but supply issues in India due to foreign exchange tightness and geopolitical disruptions (US/Israel attacking Iran, Strait of Hormuz shutdown) are factors. The consolidation depends on political and economic developments.
Jeffrey Christian

A future gold standard is highly unlikely and undesirable; historical data shows gold standards were associated with more volatile economic activity, depressions, and did not prevent inflation.

US GDP data from 1850 shows higher volatility during gold standard periods (e.g., 1870s-1930s) compared to post-WWII. Post-1970s, recessions have been fewer, shorter, and shallower. Gold standards also failed to prevent hyperinflation, as seen in WWII-era CPI spikes.
Jeffrey Christian

Central banks are diversifying reserves away from the dollar and euro, and adding gold, but gold's role in reserves has risen mainly due to price appreciation, not large-scale buying.

The dollar's share of FX reserves has declined from ~60% to ~57-58%, and the euro's from ~29% to ~17%. Gold's share of monetary reserves has risen from ~10-12% to ~25%, but mostly because gold prices increased from $35/oz to $4,500/oz. Central banks bought ~30 million ounces over three years, but this is modest.
Jeffrey Christian

Gold is a very small portion of global financial wealth (about 1%), making a gold standard extremely constrictive and destructive to the global economy.

Gold represented ~4.8% of private financial assets in 1968, but has been below 1% for 36 years. A gold standard would require massive revaluation or deflation, causing pain for many.
Jeffrey Christian

For a gold standard to work, ethical and intelligent leaders are needed; without them, any system fails. If such leaders exist, a gold standard is unnecessary.

Past gold standards failed due to unethical/unintelligent government and monetary authorities manipulating the system. Current leaders are often hamstrung by political pressures. The focus should be on leadership quality, not monetary system design.

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