return the gold standard as world unravels, page-33

its the equivalent of telling the middle age cancer patient that hey can get over their situation if they become young again, exercise more and never take up smoking..

Its all very well to have all these impractical theoretical ideas about gold being money etc but the patient is terminal and 95% of the gold in the world is controlled by the reserve currency fiat printer , who happens to also have all the aircraft carriers

Worse all the other cancer patients, all the other currencies, all the other central banks, all the other sovereigns have less time to live than the major one.

Gold is money and when currency is backed by gold we solve the problem....well if you live in a fairytales maybe, but unfortunately we live in the real world and fairy-tales dont happen...

its all very well for a bunch of laptop commentators to suggest we return to the gold standard....but nudge nudge have you noticed we dont have any?

Pretend for the next 5 minutes that you are both the RBA governor and the entire Australian Parliament . Your job is to re introduce gold as a reserve back AUD.

Ok now the first task is find enough gold . How do you get it? where do you buy it? How do you pay for it?