Gold

GOP Looks to Gold

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

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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.