Anyone can make an international gold currency that almost everyone in almost every country can
- recognize and accept
- both learn about and adopt almost instantly
- understand in most languages
- replace their fiat currency with using no outside effort
- mint with the right metallurgic tools
- operate with decentralized production and distribution
- manage without any central agency
- use with no government or legal approval
- keep fraud-proof and inflation-proof
- spread without any government stopping it
It just takes a legally binding document that any minter can follow, called the notarized international gold currency minting standard.
Any minter would just have to take this liability:
“If any gold currency minted fails to meet this following standard, it will compensate both the currency holder and the international gold currency minting standard creator with the claimed amount of gold in failed pieces of currency that failed to meet these requirements:
- The currency value is its weight of gold in grams ranging from 1/100th of a gram of gold to 100 grams of gold
- The currency is only coins made of gold and nickel as the base metal for durability and sizing
- The denominations of at least one gram of gold is called ‘golgram’, short for ‘gold gram’, where 1 golgram contains one gram of gold
- The denominations under one gram of gold and at least 1/100th of a gram of gold is called ‘golcen’, short for ‘gold centigram’, where 1 golcen contains a hundredth of one gram of gold
- The standard coin shape must be a cylinder that’s 1.5 mm thick
- Every denomination of 10 or more grams of gold must be at least 99.9% gold
- Every denomination under 10 grams and at least one gram of gold must be two-thirds gold and one-third nickel
- Every denomination under one gram of gold must be one-third gold and two-thirds nickel
- The currency coin’s top-faced center inscription must have the denomination number in English and the word ‘golgram’ for coins of or more than one gram of gold, or ‘golcen’ for coins under one gram to a hundredth of a gram of gold, in English, Cantonese, Hindi, and Spanish, which are the top four languages by population and number of countries speaking it
- The coin’s top-faced circumscription must have the coin weight, coin volume, and percentage of gold and nickel in the coin, with the words in all four languages and the numbers in English
- The coin’s bottom-faced center inscription must have the minter’s name as recorded and registered for the notarized international gold currency standard and coin creation year in English
- The coin’s back circumscription must have the statement that it adheres to the notarized international gold currency standard at full liability in all four languages”
That’s it.
We don’t need anything else to ensure that all minted gold currency is standardized and accepted as worldwide as possible, which maximizing its production and spread with no outside effort.
The standardized size and weight, and the minter’s liability to make full restitution, makes it easy to detect, stop, and deter fraud, even if governments try to counterfeit it.
The weight of gold is natural money, which is money most likely to emerge spontaneously through voluntary transactions, because gold is
- a solid object
- malleable
- durable
- divisible
- portable
- stable enough in supply to retain value and not inflationary
- rare enough that no one believes it’s worth the cost to replace it if it’s lost
- abundant enough that many believe it’s worth discovering more of it.
The notarized international gold currency standard is all any minter anywhere needs to make the most reliable international gold currency anywhere.
And we can’t adopt it soon enough.