KITCO NEWS - A gold standard would just not work today, at least that's what author and Inc. editor James Ledbetter thinks. Speaking with Kitco News days before the release of his latest book -- One Nation Under Gold -- he shares his strong views against returning to a gold standard. 'I don't see a return to a gold standard making any sense either for the U.S. or the world economy, it would be tremendously disruptive to the financial system,' he said. 'I just don't see it as practical in any way.' What sparked Ledbetter's interest in the yellow metal were the Republican candidates during the 2016 primaries, who touted about potentially returning to some form of a gold standard. 'Nowhere else in the world is that discussion happening at that high a political level in a major political party,' he said. However, despite not owning gold himself, Ledbetter still sees the importance of the metal in the economy. 'I think gold has a place in the monetary system both in the U.S. and globally, but it's just not at the center of the system.'

 

More from Video

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Jim Cramer on Bank of America, Tariffs and the Goldman Sachs CEO Change

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Video: General Electric Shares Slump Amid Weakness in Power Division

Video: General Electric Shares Slump Amid Weakness in Power Division

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What TheStreet's Interns Learned From Jim Cramer and Action Alerts PLUS

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?

Podcast: What Does the Cannabis Industry Have in Common with the Dot-Com?