Gold Standard or Cotton Standard?

Originally posted at forexfactory on February 3, 2011:

Gold standard? screw that. I want a cotton standard. I would prefer my money backed by cotton. You seen that commodity lately? Cotton has been outperforming gold by leaps and bounds. No sense having a gold standard, when cotton is appreciating more. It is more valuable after all right?

You guys didn’t hear about those Chinese farmers hoarding cotton? They must know something…

At current prices:

Cotton Standard > Gold Standard