http://www.marketwatch.com/story/fools- ... e_carousel
arguments against a new gold standard but he spouts some rubbish in there...
he fails to mention that the fiat system is all about confidence in intrinsically worthless pieces of paper (or numbers in a database) - the supply of which can be doubled at the press of a button by central banks.Gold is pretty, but it’s just a piece of metal. Its uses are limited. It can be dug out of the ground. In other words, it’s really all about human confidence that gold is worth something.