The only factor you left out is that every other currency is a piece of crap!
The owning of gold has its merits but at the same time, you are only one gun up your nose away from possibly losing it all.
I grew up among relatives from Germany who told me about the 1923 hyperinflation. One gave me a 50.000 mark note which I still have along with German postage overstamped `250 Tausend’ & `3 Millionen’, etc.
I’ve read a lot about 1923 since then & I wonder if that could ever happen here, or were the circumstances post-1918 unique to the German economy with reparations & forfeiture of gold reserves?
Meanwhile the Reichsbank printed money like no tomorrow until rational minds created the Rentenmark & the currency mostly stabilized by 1925 or so.
The only American counterpart has to have been the devaluation & ultimate worthlessness of Confederate currency & bond issues.