Why the gold standard could make a comeback

Money is essential to mankind. But the financial system people built on paper money seems to be collapsing. So could we see a return to the gold standard, where currencies are backed by physical gold?

Over the last few weeks, three people have told me they refuse to buy gold.

My dad told me gold is only worth what someone else is willing to pay for it. That it only has theoretical value. That he'd much rather own something useful, like copper.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.