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.
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