The gold standard proved problematic as gold is not evenly distributed around the world and the supply of gold kept changing.

We live in a digital age where people want to move money around with computers. What happens in the digital age is that banks will create a large number of derivatives based on gold.

Gold based derivatives are as problematic. Like the myriad of other derivatives in the market, the supply of the derivatives will have boom and bust cycles and will be ridden with scandals like the FTX scandal which rocked the crypto world this month.

It turns out that people can use anything that they value for money. A large number of people currently value crypto and are using crypto as money. IMHO: the best solution is a robust market with a mix of equities and monetary scripts.

This is the direction that the market is heading.

BTW: One last problem with gold is that is a large number of gold plated lead slabs. With all of the fake gold coins on the market, I personally don't feel comfortable investing in gold.

!WINE