Gold standard come-back?

The way to prevent a de­pression, then, is simple: avoid starting a boom. And to avoid starting a boom all that is necessary is to pursue a truly free-mar­ket policy in money, i.e., a policy of 100-percent specie reserves for banks and governments.

... says Rothbard in Man, Economy and State (chapter 12). And is time ripe for a gold standard resurrection? Many believe so, including Steve Forbes (of Forbes magazine), but not because of a political census suddenly appearing for the gold standard, but because of an economic crises and hyperinflation. Peter Schiff - the man who predicted the bust of 2008 for the right reasons, has also pointed to signs of at least a mini-gold standard appearing here and there (calling it "the institutional gold rush"). Peter Schiff says:

We may be on the cusp of a smart-money gold rush. If so, it could drive gold to a record in real terms, even before retail investors join in.

Now you know.