Posted by
V3 Development - Advanced Development for Innovative Thinking, on Tuesday, October 28, 2008 12:00:00 AM
Wealth = Raw Resources + Labor + Innovation
Gold worked as "money" because it was wealth based; not because it was shiny, heavy or was interesting in color, but because one had to work in order for it to exist, not just borrow it. That's also why silver worked; as well as sea shells, coffee beans or tobacco. They were wealth.
There are other examples of wealth that could "back" our money, using the same principals that made gold work.
Think Infrastructure.