Yes it was, then they dropped the gold standard, borrowed for wars, etc., and it was devalued, and eventually pegged the value to the dollar.
A short history of the British pound
https://www.weforum.org/agenda/2016/06/a-short-history-of-the-british-pound/
The IMF, with the illuminati, is planning a world currency. SDR (special drawing rights) would be given to countries. It is believed how much gold a country has and fiat in circulation may be used to value it. China is very involved in the IMF, another reason I don’t trust them. I can call the Chinese lots of things, but stupid is not one of them.
Gold doesn’t lose value, the different currencies change their value in relation to gold. The value of gold and silver you see as Spot prices is very manipulated. When you see coins being sold at a high premium over spot, it’s because it’s the true price. That is happening now.
I’ve just always had an interest in economics, especially monetary policies. I don’t care much for the FED.