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Return UK to a Gold Standard

Submitted on Thursday 4th August 2011

Published on Monday 15th August 2011

Current status: Closed

Closed: Wednesday 15th August 2012

Signatures: 17

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Petition Action

Return UK to a Gold Standard

Additional Information

For every paper £ note created, a fixed amount of gold or silver must be held in reserve at the treasury for redemption on request of the bearer of that note.

Thus defecit spending and inflation are prevented.

The people will also have incentive to save knowing that their purchasing power stays constant.

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