What Would You Pick as the New Gold Standard?

Monday, November 08, 2010 - 12:29 PM

The head of the World Bank is calling for a new version of the gold standard. But what would you pick instead of gold?

Robert Zoellick laid out a proposal for reform of world currencies that included considering "employing gold as an international reference point ... Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today."

If gold is the old money, then what else could we peg our currencies to?

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Comments [12]

Sam from Detroit

Hugs and kisses

Nov. 09 2010 09:03 AM
By text from Fort Lauderdale, Fla.

Knowledge.
Since we have been off of the gold standard, we have recklessly been on the credit standard and we have depreciated our money by better than .75 percent since 1973.

Nov. 08 2010 05:12 PM
By text from Salt Lake City, Utah

Nitrogen

Nov. 08 2010 05:12 PM
By text from Hartford, Conn.

How about rice?!

Nov. 08 2010 05:12 PM
By text from Denver, Colo.

Coffee and cheesecake. Peace achieved over java!

Nov. 08 2010 12:44 PM
By text from Michigan

Silver or platinum.

Nov. 08 2010 12:43 PM
By text from Kirkwood, MO

Water maybe we would then take better care of it

Nov. 08 2010 12:43 PM
By text from Pontiac, Mich.

If the Republicans had their way, it would probably be Oil. Me, I would say plastic is the 1 universal item that nobody does without;except FAME seems 2b comin'

Nov. 08 2010 12:43 PM
By text from Jersey City, NJ

Marijuana. It's very difficult to grow well you know.

Nov. 08 2010 12:43 PM
By text from Tacoma, Wash.

WATER!!

Nov. 08 2010 12:42 PM
By text from Columbia, S.C.

Cash crop...marijuana.

Nov. 08 2010 12:42 PM
By text from New York, NY

CHOCOLATE!

Nov. 08 2010 12:42 PM

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