Had it not been for that asshole Nixon taking us off the gold standard we wouldn't be in this fiat money fiasco that we are in. Nixon was one evil bastard and now the chickens are coming home.
Actually that was a good thing.
Back before then, it was essentially illegal for US citizens to own gold bullion.
You really only got your "right" to own gold back after Nixon did that.
Technically Ford is the one who signed it, but it was only because Nixon had taken us off the Gold standard.
Imagine back in 1970 the Uniform Hangers would come and arrest you at gunpoint for having Gold coins...
Folks forget that the government went and at gun point stole everyone's gold and raided their safety deposit boxes and took it all from the folks.
And well the Uniform Hangers were VERY happy to help
And the "good folks" were all just "well we have to obey the law"
Oh and then for fun right after they stole it all, the government promptly devalued the USA dollar by 50% Sorry folks "do your duty for the country".
Be very careful of wanting "a gold standard" again...
The government just might decide to do a repeat.
And the Uniform Hangers will Rejoice to help
And the good folks will say "just obey the law"
Now if you know the history of how the Global Elites control the world, you'd also understand the danger of having a Gold or Silver based currency if you allow banks (and especially central banks) to charge interest...
The government WILL end up bankrupt and the Bankers WILL end up with all the gold.
That's what helped cause the fall of Rome
That's how the Global Elite used to crash any government / bank that would not do as they say.