A friend of mine and I always argue about gold being a currency in today's modern society. My friend believes that gold, alongside copper and silver, should be used as a modern day form of currency. I don't agree with this as I think gold, like other natural resources, are limited. But then again, the "legal tender" we're using right now has pretty much no value as it is just paper and not backed by anything else of value (e.g. gold).

How do you think getting rid of paper money and bringing gold into the economy would play out? Is it possible now?

This post has been edited by objectifyme: Jul 18 2010, 01:06 AM

Isn't gold available throughout the globe? Correct me if I'm wrong.