3 Ways the Gold Standard Will Affect Your Wallet

Three ways a switch to the gold standard could really hit you where it hurts.

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This year’s Republican National Convention seemed to cause a stir (as usual), especially with the proposed return to the gold standard—a system that would peg the value of the dollar to gold. Many see it as a cheap ploy to get Ron Paul supporters to jump on the bandwagon; others think it’s a huge step toward less government regulation and correcting America’s nasty debt habit. Whatever the case, it doesn’t seem too popular with either party.