Against the backdrop of an unstable international monetary system centred around the US dollar and very dim prospects of reforming this system, this article analyses the rationale for the unilateral introduction of gold-backed currencies and the challenges and problems associated with such a...

The Gold Commission, whose 17 members were appointed by President Reagan in June 1981, has been conferring since autumn last year. The task of this commission is to discuss the pros and cons of restoring some gold backing for the dollar and to study the role of gold in the international economy....

The Soviet Union has good prospects of becoming the dominant supplier of gold in the world, for its own mining reserves are large and the deposits in the Western world are nearing exhaustion. This need not however - as is shown in the following article - give rise to excessive fears in the West...