The time to pay the piper is closer than most people are willing to believe, and personally, I like my gold coins a lot right now.
I agree, but, there is not enough gold or silver in the world to support currencies based purely on those standards. I’m curious what the standard could be much less what it should be. A standard would have to be based on fiscal discipline by any nation, or all nations choosing to participate in the “standard”. It seems to me, back in the carter days, that our standard led to the wholesale buying of our silver coinage for meltdown, Which helped reduce our standard and led to the use of sandwich coins.
There never really is a shortage of currency when it is backed by something “real”. Because economies are based upon production and “stuff” and “things” are the articles of intrinsic value, not the currency itself; the value of currency will always adjust in a true free market system to allow for the free trade of all commodities.
...and with what do you think the piper will get paid?
Those "sandwhich" coins were issued in 1965.