Of course you wouldn't actually trade gold for goods, you'd use gold certificates, deposit slips. You could exchange them for real gold of course, if you wait in line and fill out the paperwork, and don't do too many at once. Hmm? Of course we have all the gold we say we do, we audited ourselves and passed.
Let's face it, the gold standard is fiat with extra steps and there isn't a government in africa that's lasted more than 20 years. And that's before we get into the fact that there isn't enough gold to cover the value of the modern world without raising the price of gold so high that you wouldn't be able to make electronics.
Of course you wouldn't actually trade gold for goods, you'd use gold certificates, deposit slips. You could exchange them for real gold of course, if you wait in line and fill out the paperwork, and don't do too many at once. Hmm? Of course we have all the gold we say we do, we audited ourselves and passed.
Let's face it, the gold standard is fiat with extra steps and there isn't a government in africa that's lasted more than 20 years. And that's before we get into the fact that there isn't enough gold to cover the value of the modern world without raising the price of gold so high that you wouldn't be able to make electronics.
and then there's the problem of space gold being discovered.