A Cross of Paper.

Cites several grounds, which clarify that gold can't be accepted as a standard medium of exchange in the modern world. Argument that a gold standard is an arbitrary, but completely effective, method of limiting the amount of currency in circulation; Gold policy of U.S. ex-President Franklin D. Roosevelt; Claim of the U.S. Congress that gold clauses in financial dealings were invalid as contrary to public policy and inconsistent with the new monetary system; Argument pertaining to the fixed supply of gold in the U.S.; Production of gold coins by several countries to tap the amateur market; Use of selling gold by the U.S. government as a way of narrowing the federal budget deficit.