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People usually have trouble comprehending the significance of the size of the World's Economy or Gross World Product (GWP). The Gross World Product is the output of goods and services produced by labor and property located anywhere in the World.
Rightly or wrongly, people do believe that they understand the value of gold. Below is a visual aid to help you see how much larger the World's Economy, as measured by the Gross World Product is compared to the value of "All of the Gold in the World". The calculation and data sources are now displayed below the graph.
Basically, what this shows is that there isn't enough gold in the entire world for the World Monetary Systems to go back onto the Gold Standard.
Modern Money Mechanics: A workbook on Bank Reserves and Deposit Expansion by the Federal Reserve Bank of Chicago
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