Weighted Money

"Crazy! I mean like so many positive waves maybe we can't lose. You're on!"
--Oddball (Kelly's Heroes)

The US Dollar's reserve currency status is under increased scrutiny. Perhaps it should be replaced by a different paper money as the euro or the yuan. Maybe a basket of currencies. Or perhaps there should be a single paper currency for the entire world.

But there is one alternative that solves all problems related to cross rates, contracts, and government mischief: ditch paper currencies and their titles altogether, and trade metal by weight--ounces of gold, silver, platinum, etc.

No need to determine how many yen per dollar. No need to hedge for currency fluctuations. Imagine the transaction costs that would vaporize--which would free economic resources for much better things.

Plus, imagine less worry about governments printing money at their discretion or trying to manipulate its value.

Just trade metal by weight--the universal monetary denomination.

position in gold, silver