The way Central banks are buying gold, something is amiss.
My guess is that someone will try to establish an SDR—basket of currencies. But I doubt that would work.
I CAN envision a world that has established “gold” yuan, rubles, yen, dong, dollars...that could be used for international settlement. These would not be for internal use nor retail use—but almost like an international credit based on a standard unit.
I believe that people entrenched in the current central banking, fiat currency, world are going to be shocked when we fall into another significant economic period.
Please do not misunderstand—I am not predicting this any time soon. We still have a few floors to add onto our house of debt cards. But, forewarned is forearmed.
There is much talk about - and some minor local attempts to try - a move towards a cashless economy. Perhaps that is why the central banks are beginning to hoard gold; Russia also, and perhaps China. A cashless society would put the banks in total control over everyone who does not own anything of intrinsic value {e.g.: Greece recently}. Growing world wide debt could become a critical factor; what is it estimated at at present: over $100 tril?