In light of recent events and for the purposes of making sure we are not just sheepishly following the crowd off a potential cliff, I shall impose this question as a devil's advocate:
Why we on GAW are certain that gold standard is going to solve all of our problems? Also why are we certain that a return to the gold standard is Q's plan?
I am fully aware of Q's "Gold will end the Fed" quote, but it does not explicitly say that the White Hats will abolish the Fed and bring us back to the Gold Standard. It is probably a simple statement of facts like saying the Sky is blue and the sun rises in the east.
It's tangible.
And it's not interest based.
It won't solve all of our problems, but it will solve financial problems.
Oil is tangible, gemstones are tangible, but I am not seeing a rush on our side to base our currencies on those.
And what do you mean interest-based?
And which financial problems it will solve?
Well I would love to see you barter the oil you don't own.
A gold backed currency isn't lent to you it is entirely backed by the physical gold .
The entire problem with our financial system since the federal reserve in 1913 is it is based on money lending... Aka interest based.
Technically, one can own oil by having a coupon or certificate that says "Redeemable for one barrel of oil" and have it in a storage facility somewhere.
That is currency is at the end of the day: tickets or tokens or numbers that is worth a measure of wealth that can be used to purchase physical goods.
And you can have lending-based financial systems with gold-backed currency. Lending with interest is an ancient concept, dating back to Biblical times and maybe even before that. So not exactly sure how gold is supposed to stop that.
I'll only say that it will be the way it was before when the dollar was backed. I think that's a pretty good proof... It was already accomplished.
Perhaps even better depending on newer technologies such as Blockchain
Gold does not corrode, degrade, nor break down from exposure to nature. It is also the best conductor of electricity.
Apply gold plating to anything, and that object becomes more valuable due to the fact that it can withstand exposure to nature better, and last longer- not simply because it's shiny and pretty. And everything electronics loves gold for the same reason, plus its superior conductive qualities.
That means its uses are near infinite, and it will always be a high demand material, and hold its value based on the law of supply and demand.
There is also the fact that it is physically very difficult to counterfeit. The only other metals that have the same or higher density are often just as expensive to obtain.
it solves inflation and the issue of "control" of the money
also it's based on Biblical principles, it isn't that complicated
Which Biblical principles?
https://www.mygoldguide.in/golden-moments-bible
He means gold cant be prontwd, has lited availability so maintains some stable value. We saw spain bring back enough gold to collapse an economy, so examples of gold influx causing crashes exist, it is just harded and more rare