A Case Against a Gold Backed Economy

I was reading Bruce Schneier's block and came across an interesting story...

http://www.commodityonline.com/news/Swiss-banks-have-no-space-left-for-gold!-19698-3-1.html

Swiss banks are running out of space to put their gold. This is a larger issue than many would give it credit for since gold does take a lot of space and if you have a large quantity of it in one area you need to really secure it. I'm not talking just putting more guards around it but you need to fully secure it since criminals will be trying to steal that treasure trove of precious metals.

It's an interesting thing to consider especially for those who want us to return to a gold based economy. I'll be the first to admit that I don't know enough about economics to determine if backing our money with gold is a good idea. I will say it seems smart to back your money with something of value though. And if you set each denomination of money to be valued a specific denomination of gold it would prevent stupidity like a government printing up $1 trillion to give away to people who helped cause a major economic recession. I'm just saying.

Source: http://www.schneier.com/blog/archives/2009/07/swiss_security.html