This paper reignites this debate by setting out then refuting the 10 main arguments cited against the Gold Standard. These arguments are distilled from the economics literature and media analysis. The arguments represent the lifecycle and scope of a contemporary gold based monetary system. We explain these arguments and counter arguments to explore whether they are still valid in light of recent and historic precedence, and whether they are insurmountable in the quest for a more stable currency in an unstable world.
Lastly, the author sets out the Islamic position with respect to currency: its adherence to a gold/silver standard and how this will be applied with respect to the ten arguments against its success.