What are the negative aspects of the gold standard?

Answer:
It really depends on which side of the coin you are on. It is hard to gain monetary advantage if you are a large banking concern if you are on the gold standard. The gold standard makes it difficult to manipulate a market. If you are a person holding savings it is to your advantage to be on the gold standard because the manipulators can not steal you savings by printing fiat money.
In practicality the working class should favor a gold standard while the large investment and security agencies prefer fiat money.
First answer by ID3633886893. Last edit by ID3633886893. Question popularity: 1 [recommend question].