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II. Currency Standards and Universal Principles
  
  2.2 Currency Standards and Social Objectives  
  Article 11- General Principles of Currency Underwriting  
11.1 General Principles of Currency Underwriting  
  All valid currency must be underwritten by some tangible asset or set of realizable assets, whether it be gold, a precious or sacred object or the promise of equity labour.  
  However, not only are certain assets more valuable and reliable than others, certain classes of assets are more susceptible to instability than others, especially precious metals and jewels.  
11.2 Inherit instability of gold and precious metals as underwriting mechanism for currency  
  Geological archeology put the total amount of gold ever produced at between 130,000 and 150,000 metric tonnes. However, less than 70,000 metric tonnes can be fully accounted. Therefore over half of the gold in the world has either been completely lost, or hidden.  
  Whilst gold has been variously proposed every few decades to be returned as the base underwriting asset, the fact that only a small amount of rogue gold being flooded could destroy such a global financial system cannot be underestimated.  
     
 
 
 
 

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