The presidential candidate Ted Cruz votes for gold!

Coins, banknotes, credit cards, electronic transfers – we sure have different and convenient ways to make our daily purchases. But is it the most beneficial in the long run? The presidential candidate in the USA Ted Cruz has caused a huge stir proposing a return to the gold standard.

Why a possible future president bets on gold?

Without measurement systems, life would be chaotic. We know that there are 60 minutes in 1 hour; 60 seconds in 1 minute, and 31.1 grams in 1 ounce of gold. A large group of economists consider that the same goes for money – money works more effectively with a fixed cost.

Presidential election 2016: a senator votes for gold

Ted Cruz is a US Republican, the junior senator from Texas and first senator of Hispanic origin. During a political debate he made a shocking statement: the US should return to the gold standard. Why does the senator believe this is a good idea?

In the first place, the senator believes that the Federal Reserve does not work the way it should. He claimed that the Fed should focus more on monetary stability and for that, the best choice would be to bring gold into full play.

The credibility in gold grows

The return to the gold standard would not mean that every economic problem would be solved at once. But it is important that this issue again on the board of international politics and economics since it helps people remember the economical advantages of gold against devaluation and other economic problems.

Cruz is not the only politician who supports this idea. Mike Huckabee, Paul Rand, and Ben Carson are for gold too. And not only politicians. More than 1 500 000 people around the world are sure that gold is the real money! They are the customers of the Global InterGold Online Gold Shop!

Read more news on gold and business: 'The 'Bond King' Jeffrey Gundlach states: “gold prices will rise 30%”

Gold, the real money!