[quote=SDEngineer]The fact that the government agrees that a dollar is worth a certain amount of grams of gold on one day doesn’t mean the government can’t change that on the next day.[/quote]
Well, I agree that would just be another FIAT currency, but that really isn’t a gold standard, then. A gold standard is not expressed in dollars, it is expressed a certain mass of gold. “This paper is worth so much gold.”
The whole point is not whether gold is the right currency. The point is to remove the FIAT currency from the loop and let the market figure out what to use as a store of value. Likely it will be gold, but if it isn’t, and a better store of value emerges, I’m all for it.
