I recall this time. I was 11, and had found an FM radio station (KZAP) in Sacramento that aired a program called The Rawhide Reality Review. A mix of news and call-ins. Host spoke of the change, and urged everyone to go out and buy up as much gold as possible, immediately. His message was something like “We’re going to go off of the Gold Standard, but humanity isn’t. Look forward to rapid inflation as the dollar de-values. Gold prices is U.S. dollars will very quicklybe roughly ten times what they are now.”
That was a great prediction for the next 8 years.