Trump is crazy. This is not gonna just work. He is bullying all the nations of the world with dollar. At some point the oppressed countries need to go back to gold coins. I'm not sure but I guess in the past there was a rummor of it being mentioned by turkish leaders.
Trump is crazy...I agree. But so far his plan of putting economic pressure on Turkey is working, but in the end it will lead to a lot of pain and suffering for the people of Turkey. I agree that a gold standard would bring more peace to the world, but Iraq, Libya, Venezuela and now Turkey have all talked about a gold standard....it didn't work out well for their leaders and economies...the US is trying desperately to hold on to the Petro-Dollar. As long as London and New York set the price of gold with the futures markets, they are in charge. China is making moves to determine the paper price of gold in the East with the Shanghi Gold Exchange, but it has been slow.
Yes, China will be able to make a change in this area but it should reach a point that the current system doesn't work for it anymore. Then, China can make a change hopefully.
Or blockchain will make a change. Who knows.