In Response to "BoC rejects Gold as Currency"

Read article, "BoC rejects Gold as Currency" -- http://www.kustomdesign.ca/

Governor Mark Carney of the Bank of Canada stated that “gold has no role to play in the international monetary system,” following a speech on financial reform in Geneva.  If gold has no role to play, why are all the central banks flocking to gold right now?  Why has China ramped up it’s gold reserves dramatically over the last few years? Because Gold has always been there and has always played a role in every financial system that stood over time.  Every time gold has been taken away from the backing of a currency, we end up with a Fiat Monetary System that never lasts over 100 years before crashing!

In another article in the Gazette we find that Robert Zoellick, president of the World Bank, tried to offer an alternative to the present conflict-plagued monetary system in which gold could be used as a reference point for market expectations for inflation and future currency values. Now this makes more sense as gold brings stability to a financial system. 

Read more: http://www.montrealgazette.com/business/fp/Carney+rejects+return+gold/3803098/story.html#ixzz14q01v5Za

Since we can see that currency that is not backed by something of value such as gold always crashes, why would we now want a global monetary system that is not backed by something of absolute value???