&gt; That would still make currencies far more stable than modern currencies.<p>Not really.  Let&#x27;s say we&#x27;re on the gold standard, and now the computer revolution happens, and the internet revolution, and so on.  We&#x27;ve created a bunch of new businesses, which are worth a bunch of money, but the amount of gold didn&#x27;t change.  <i>So the value of money had to change,</i> because the size of the economy changed, and the amount of gold didn&#x27;t.<p>For that matter:  Which is growing faster, the population, or the amount of gold?  That affects the value of money if we&#x27;re on the gold standard.