Durability, ductibility, malleability & scarcity. That is what's so special about gold. There are some basic & logical reasons why it was preferred as a medium of exchange. Silver is a close second, but not as rare and less durable, malleable and ductile. The real problem with a gold standard is the manipulation of the gold supply which is quite concentrated. Not so for silver, hence the fight of those in power against silver backed money. Fiat money is fine, as long as the supply of it is held under control. Anyone know of tally sticks? Quite interesting. Current financial system is the problem. It's a recipe for endless inflation with a big crash at the end. It can even be controlled to cause booms & busts. During the busts, those assets of REAL value, such as farms, factories, real estate, etc. can be grabbed for almost nothing. Oops, I think I just exposed the scheme.