Briefly Review the Appeal of the Gold Standard, and Comment

Essay

Briefly review the appeal of the gold standard, and comment on why it is not presently in use.
A.D.
The downside of the gold standard and why it is no longer officially in use is gold's need for security, its lack of transportability, its holding costs, and the fact that it doesn't earn interest. Also, a huge global trading system needs something more flexible than gold.