GOP Looks to Gold

The Republicans are expected to commission a study on the effects of returning to the gold standard

TAMPA, Fla., Aug. 24 (UPI) -- The Republican Party intends to call for a commission to study returning the United States to the gold standard, the party's platform committee chief said.

The proposed Gold Commission -- expected to be approved next week as part of the party platform at the Republican National Convention -- would peg the U.S. dollar to gold instead of to other currencies and interest rates as it is today, Rep. Marsha Blackburn, R-Tenn., the platform committee co-chair, told the Financial Times.