World Bank head reaffirms gold as "reference point" to monetary system reform

"What I suggested is that gold serves as a key reference point to allow people to assess the relations between different currencies," Zoellick told the press here at the end of his meeting with French President Nicolas Sarkozy in the Elysee Palace.

That's what gold always is. In some ways, it is better if there is no official gold standard, because usually that is just another form of manipulation.