The concept doesn’t really make any sense on its face. Gold is gold. A kilo of gold is worth the same in the United States as in China or India. So when you loo

The concept doesn’t really make any sense on its face. Gold is gold. A kilo of gold is worth the same in the United States as in China or India. So when you look at the nations backing this—the BRICS countries, plus a few other nations that are mostly steaming dungheaps or, at best, oil banana republics—the obvious question is why would they be pushing a standard based on a universal commodity rather than anything tied to their economies? The answer is obvious, of course. Their economies, even combined, are simply in no place to compete on the world stage. Pushing gold as a standard makes them seem stronger than they are, in an attempt to wean the world off dependence on dollars and euros… but if gold were so much better, as you say, we’d still be on it.