There is, but the incremental value of each unit of gold would have to find its proper level of value.
Someone I'm sure knows how much gold there is currently in the world, but for discussion's sake let's say there are 1 million ounces (there's more, I know). If there were 1 billion people in the world the gold would be divided among them. 7 billions people seeking after 1 million ounces would make each ounce worth 7 times more, all else being equal.
Silver would have to come back as well as copper for lesser transactions.
Even then, coins of known value could be subdivided. Two bits, four bits, six bits, a dollar - folks used to cut silver dollars into 8 slivers and use them for smaller transactions, that's where that saying came from.
And we would be right back to "printing" gold notes so the whole issue is moot.
