Quack, Waddle...
"Gold is Money, Silver is Money"
... Ron-Paultard.
Forget about the fact that there hasn't been enough gold/silver mined in the entirety of human history to suffice as a physical mechanism for facilitating modern commerce. Uhuh.
Meanwhile, the loopers in the White Hut's caddy shack are having Gunga-Lagunga Saladin for breakfast, lunch, and dinner...
...so at least they still got that going for them - which is nice. [CarlSpacklerVoice -OFF]
“Forget about the fact that there hasn’t been enough gold/silver mined in the entirety of human history to suffice as a physical mechanism for facilitating modern commerce.”
The gold standard operated in conjunction with what was then called “credit money” or “bank money”. Credit money was the unbacked money issued by banks. The total money supply wasn’t limited to the amount of gold and silver in the system. The precious metals simply acted as the monetary base. What the gold standard did do is put a brake on the rapid inflation of the money supply.