A gold and or silver backed currency system or exchange standard...

A gold and or silver backed currency system or exchange standard will work, just as long as they use the correct ratio of gold and or silver to support the dollar price, and also it must be backed by good policy enforced by central banks. The reason it has failed in the past is because they did not have the gold price correctly pegged to the dollar at the time.

We may not see a gold standard for a while yet, but that won't affect the gold price going much much higher. With all this money printing and lack of common sense shown by central banksters, we will likely witness financial system Chaos, not planned by anyone, but will just happen. It can happen any time and over night.

The current system is in its CRITICAL stages due to being highly leveraged to debt. When it goes down and this will be soon, gold, silver, oil, and other PMs will surge including some commodity stocks. Foreign stock exchange markets will collapse and time out. Our market will be affected through those collapsing foreign banks like JP Morgan who have major holdings in our markets as they will be forced to liquidate their holdings to make up for other losses.

The scramble for gold, silver and oil will be enormous where prices will at least double over night.