Many experts have scoffed at the idea of a gold standard, arguing it’s impractical in a complicated global economy.

But Deutsche Bank analysts Daniel Brebner and Xiao Fu beg to differ. They say in a report obtained by Business Insider that a gold standard is perfectly doable.

Recall that a gold standard limits the amount of currency that can be printed to the amount of gold a government possesses.

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One argument against the gold standard is that governments don’t have a big enough gold supply to make it work.

That’s not a problem, because governments can ascribe whatever currency value they want to an ounce of gold, Brebner and Xiao maintain. "Gold is infinitely divisible."

The second argument is that the gold supply isn't growing fast enough to keep up with the economy.

The analysts acknowledge that the United States will probably have to expand its monetary base by about 2.2 percent annually, while the gold supply has historically averaged growth of about 1.6 percent.

But the gap “could be offset by a small revaluation of the metal itself, thereby preventing deflationary price pressure,” Brebner and Xiao write.

They will have a tough time convincing Federal Reserve Chairman Ben Bernanke.

“Since the gold standard determines the money supply, there is not much scope for the central bank to use monetary policy to stabilize the economy," he said in a lecture earlier this year, Reuters reports.

"Under a gold standard, typically the money supply goes up and interest rates go down in a period of strong economic activity — so that's the reverse of what a central bank would normally do today."

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