The BoJ (Bank of Japan) announced an emergency meeting for 5am GMT Thursday. According to rumors the recent strength in the Japanese Yen and falling share prices will force the BoJ into further “monetary easing” (read: printing money). Gold owners should rejoice – all major Central banks have now boarded the train of self-destruction. To speak with Walter Sobchak (The Big Lebowski): “See what happens, Larry, when you keep printing money?!” (see below)

Source: wikipedia

On November 15, 1923, one Rentenmark replaced 1 trillion Reichsbank marks. The Rentenmark was not redeemable in gold, but backed by bonds linked to the gold price. The gold bonds were defined at a rate of 2,790 Marks per kilogram of gold (same as pre-WW I goldmarks).

I am not saying that gold standard is a good thing per se, but it might be the only thing left once people lost confidence in fiat (paper) currencies.

Source: wikipedia