Board Thread:Organizations/@comment-24285185-20131218031450/@comment-24285185-20131218115425

Probably what it costs on current markets. We could use the price of the item in any North or South American country as its basis. If the item holds the most value in Canada, for example, then we could use that value.

It's similar to how the gold standard worked, with markets setting the value of gold. The problem with gold was that since it is limited, it didn't leave much room for economic growth in the long run.