BRICS gold-backed currency and the many issues that it needs to overcome. The main concern is, who do you trust to hold the gold?
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This is also a problem because you can't really "find" gold anymore. You can't do any mining expeditions, because A) it's already difficult to get permits for that because now you need those, and B) the people who "make the rules" ensure that they get a substantial cut of it.
It's not like the old days where you could throw a bunch of able bodied men somewhere you have a reasonable assessment of the existence of gold; central authorities specifically made it so you couldn't do that.
That also ignores that a lot of the gold that we know of has been stripped clean and allocated to the powers that be and their governments at their behest.
Even in a gold backed economy, fiat is kind of a necessary evil (especially for exchanges with other countries, where we ideally would not want to give them gold directly due to shifts like this that would put us on the backfoot) but there are so many issues with currency in general that I think that one thing EVERYONE can agree on is that a private entity with a deliberately misleading name (Federal Reserve) should not be the ones in control of currency in any fashion.
It's never going to be as simple as exchanging gold coins from a coin purse anymore, though that's what some people seem to want/expect from a gold backed currency.