A New Cry; Bring Back Gold

Reagan's supply-siders make a new pitch for a gilt-edged financial system

While gold has not been used to settle accounts between central banks for a decade, it still remains the barometer of world tension. From mud and straw shanties in India to plush villas in France, nervous people stash away Krugerrand coins or gold jewelry at the first sign of any political or economic unrest. Last week, after the Israel's attacked Iraq's nuclear reactor, the price of gold immediately shot up $13.50, to $473.50 per oz.

Now a group of conservative economists is trying...

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