1. The rejection of fiat money is not only because of the system itself. It's more than that. I have spoken about this a year ago in this blog. You may read here. Some of us may thought if the system could be treated correctly, whatever monies (either fiat or commodity) used could be a medium of transaction. I think let's we take a look at a glance of history of financial system before we could agree.
2. By looking back to history (in 1920's), we found the system was superb and tremendously excellent which was gold to be kept in a secure vault and only a piece of guaranteed and redeemable paper to be practiced during transaction.
3.General idea is good but due to the regulation of the system was human made; weaknesses easily occurred. The 'self-temptation' of ordinary man suddenly was appeared (bad deeds and behaviour such as greedy, power craziness etc are among the biggest one) and started to conquer and disturb the rationality of human, thus, leads to a failure in 1970's. It is an excellent at the beginning but not the ending. That's how the past was telling us. Should we create another failure in the future?
4.People can't be able to make themselves sustainably good in all time. Allah knows better His creature. The gold and silver are likely to be a self guidance in financial sector and automatically remove the unnecessary interruption made by man directly or indirectly; intentionally or unintentionally. The history's evidence told us that people-money relation are always irregular among each other.
5. Every creature created by Allah is not useless. The gold and silver treasured under the ground is not for nothing.
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