Gold Reserve System

According to an op-ed on Mining.com, the concept of a gold-backed reserve system, independent of sovereign control, is being revisited as an alternative to the current fiat currency system. The postwar Bretton Woods system, which tied the US dollar to gold, worked for a time but ultimately failed due to political reality. The author suggests that a gold-backed stablecoin, independent of sovereign control, could provide a more durable global system. Tether's recent accumulation of roughly 140 tons of physical gold is seen as a signal of the potential for a gold-backed reserve asset and a modern, globally interoperable settlement system. As the world debates the US dollar's role as the global reserve currency, the idea of a gold-backed system without sovereign control may be worth exploring.