by Mike Maharrey, Gold Seek:

Last month, Zimbabwe officials introduced a gold-backed currency in an effort to stabilize the country’s economy.

At the time, I warned that a gold-backed currency would be a great step, but that it wasn’t going to solve Zimbabwe’s problems unless the government changed its ways.

So far, things don’t look good.

Government officials are already pushing miners in the African nation to produce more gold. This would allow the government to expand the money supply.

In other words, just one month into the gold-backed currency experiment, the government is already pushing for inflation.