Star Money Simplifies the Global Market
As an element of Star Money, gold is an agreed-upon benchmark, that is used by the financial industries. Gold can be measured in ounces or grams. The difference between an ounce and a gram is 31.1, there are 31.1 grams in an ounce.
A gram of gold can be used to benchmark currencies. The following chart provides examples of how much of a local currency it takes to buy one gram of gold.
The development of the BRICS economic block is a key new development. Those currencies with an asterisk are current members of this economic union. It could be that a primary driver for the BRICS to form an economic alliance is to improve the value of their currencies. I find it very helpful to see the relative purchasing power of each country.
Would it be easier to measure transactions in gold instead of different currencies?
If I value my services or products in grams of gold instead of dollars, I have built in inflation-protection.
The key is adoption of grams of gold…developing.