The Gold System

Well, Gold prices are inching towards new highs again, well over $1200. Not too many people seem to trust the fake recovery the news media has conjured up.

What if the world decided to go onto a gold system? Not even a gold standard but a real 100% gold currency? It seems kind of odd because it’s this heavy shiny metal but with today’s technology its totally feasible.

I, for one, rarelly take around much cash. If I have more than 20 euros in my pocket that’s pretty odd. I pay everything with my debit card. What if the world just got sick of government run fiat currency systems?

What if a private corporation started storing Gold and issued Gold debit cards? You could go to restaurants and shops and pay with your gold debit card which would move whatever amount of gold in your account to the merchants account. Of course the merchant would have to accept gold payments and have a gold account as well.

The amount really wouldn’t matter because since its a computer calculating it could handle very small amounts, just fractions of grams of gold. The banks could preiodically settle up the totals with physical movements.

This way we could take back control of our money from government abuse. Let them print and devalue as many dollars and euros as they want, and for those who choose, they can spend and save in a real commodity with real value and limited supply.