buffet's bursting bubble, page-14

"The gold standard will never be back as much as goldbugs pine for it's resurrection"

I doubt to that gold will be back as a gold standard, but German banks in particular do hold it in their vaults as the security that enables them to be able to lend out
http://en.wikipedia.org/wiki/Gold_reserve

Look at the probelms in Greece with a country that has depended on other nations (like Germany) for lending rather than its own banking system.

SO to me gold does have a value in ensuring a countries fiancial health is protected