Trade between countries on Planet Gold brings less friction

One great thing that brought peace and prosperity on Planet Gold was the use of gold on the entire planet. Trades are easy, no tension, no issues of outsourcing etc since everything balances out. A bit like the United States right now where everyone uses the same currency but the economy of say San Francisco is drastically different then the economy of Birmingham, Alabama. Housing is cheap in Alabama compared to San Francisco, allowing for industry requiring lots of space to operate.
So, on Planet Gold, the difference between the 258 countries are based on their business laws, their customs, their habits and culture but they have one thing in common, everyone uses gold and silver as money, from any individuals on the planet to any other individuals, from one government to another, from one nation to another.
There are no trade deficit that can accumulate for very long time, always of short duration. Right now, here we have the United States of America that has one of those amazing credit card with, it seems no limits on spending... only paying the minimum on the balance every month. When will the credit card company call?
On planet Gold, if a country doesn't have good business laws protecting intellectual property or handling litigation of any kind, this country is one of the poor country. They know quickly they need to change this quickly. The country with the best infrastructure, the best brains, the best schools and good system of business law attracts a lot of company, even though it is expensive to live there. It might be even more when the climate is even nicer than everywhere else. It might not be perfect, it might not have the best business law but if it has everything else, it will attract businesses. That sounds like San Francisco... nice climate, great universities, lots of brains, attractive landscape and good infrastructure. Results- even if the business law are not the best in the country, they still attract businesses. This, on a planet base is what happen on Planet Gold.When one country has a lots of its citizen with lots of gold, other citizen in other countries will knock on their door for financing. Money (gold) can flow easily, no trade barrier - like from state to state in the USA. The only thing that might stop those investors would be the system of laws in this other country. The best wins.
The only thing that was added as a worldwide regulation is on the environment and labor standard. If a country was not threating either of them properly, it could have an advantage over other countries at the expense of a world wide air pollution or water pollution. With environmental and lable regulation/standard in place, you reduce those issues.

So fun to talk about Planet gold ;-)