The opinions differ as some think we should have never moved away from the gold standard and that currencies are essentially worthless in today's world. There are advocates to return back to the gold standard, but that would likely wreck havoc on the financial system as deleveraging is likely to force heavy corrections.

On the other hand maybe that is what we need in order to move forward, a return back to normal. To what extend does gold have an impact on currency pairs now since there is no more gold standard?

Any thoughts on this topic?