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We know that the early money systems were based on bronze, and later switched to silver coins. In the process of the growth of the human population, the development of technology and the increase in international trade relations, the number of trade operations grew and over time, gold was added to the "silver standard", becoming the basis for ensuring monetary relations. Already in ancient states, it was gold that was used as money.

In the XIV-XV centuries, bimetallism was formed with a fixed exchange of silver for gold. But the exchange rate of metals often changed, in addition, the exchange rate had to be reviewed. However, the lack of a stable alternative prevented bimetallism from being abandoned. Later on, this led to the transition to paper bonds and coins made of bronze and copper.

The main reasons for choosing silver and gold as a means of payment:

• high demand over a long period
• relatively stable price
• acceptable volatility
• durability, immutability during storage,
• beneficial features

The use of precious metals was unprofitable:

• most of the gold reserves belong to individual organizations and people
• the impossibility of rapid emission with an increase in total turnover
• complex and expensive transportation
• the loss of gold and silver coins significantly upset the financial balance
• coin wear led to a decrease in the value of the coin, which on a massive scale led to market confrontation

The development of progress provoked an alternative to bimetallic coins - the appearance of paper money solved many problems and became a convenient lever, while the money was provided with gold.

Backing gold was mainly stored:

• in top banks
• in state treasuries
• in personal vaults, where there was much more gold than in banks and treasuries

Thus, the new money was a security bond, which gives its owner the right to claim. However, there were significant flaws that were ignored:

• paper money holders had no idea where the security gold is, and if it really is - it remained a matter of trust
• For more than 70 years, mankind continued to believe in providing paper banknotes with gold, at a time when the issue of most currencies was no longer provided with gold and foreign exchange reserves.
• paying with each other with paper money, people transferred banknotes, not ownership of a certain amount of gold
• the process of issuing currency was not controlled with respect to collateral
• information on the whereabouts of gold and its quantity has never been accurate
• the emergence of exchanges as a temporary regulator, which subsequently became dominant
• banknotes used by governments to control financial activities

The reason for the abolition of the "gold standard" in 1971 is the discrepancy between the real purchasing power of the dollar and the declared gold parity

The unlinking of the currency to gold increased the number of negative points:

• free cash issue
• inflation - rising prices for consumer goods with a surplus of money supply
• local and global financial crises
• economic downturn
• deterioration in the quality of products and, as a result, surplus of production goods

Now we have examined both the positive and negative aspects of securing the money supply with precious metals. But the history of the 20th century says only one thing - the gold standard is outdated and cannot be returned, since the conditions for this in the era of globalization are not possible to make all currencies in the world convertible into gold (otherwise international trade and investment will simply be impossible), and also not the ability to obtain accurate data on the amount of gold in funds and vaults around the world.

It seems logical that the “standard” for emission should be a constant known to everyone, at the same time easily measurable, with real value for everyone. In addition, the ideal condition would be the ability to track every, even the smallest element of this resource

All these characteristics are possessed by the earth:

• We can calculate the given amount of land as accurately as possible.
• Each square meter of land has its own unique code - longitude and latitude, in addition, a cadastral number can be used for identification
• Knowledge of the amount of land strives for maximum accuracy compared to measuring the amount of other resources on our planet
• The value of land cannot be overestimated. It was for land that the wars went throughout the history of mankind, it is land what has a stable, growing cost.