All talk of gold standard is bullflowers..
a. There isn't enough gold to back the currency now in circulation..we sold it all at 35 dollars an ounce until nixie took us off the gold standard just as we ran out of it
b. Gold backing is irrelevant...fiat currency works well as long as the govt issues it. ..it doesnt..a private bank counterfeits all us currency. .the federal reserve bank is not federal any more than fedex..it is privately held. .a criminal syndicate. .incorporated in delaware..the federal reserve bank association has fooled most of the people most of the time..it prints federal reserve notes and uses them to purchase american govt IOUs aka treasuries for which you and i pay endlessly with income taxbux
C, very few realize