I have that book somewhere. It came out in the 70s, didn’t it. It’s a classic.
We’re supposed to buy gold? The planet will never return to gold/silver money as a base. Uranium makes more sense.
Precious metals nowadays include brass, copper, and lead.
Gold is NOT "intrinsically valuable." It is too soft for most common uses, and too rare as well. All it is is "pretty." Likewise for silver. And before anyone points out the remarkable conductivity properties of gold, remember that it became a measure of treasure long before electricity was a consideration.
All instruments of exchange are fiat, to one degree or another.
“How could a nation conceived in liberty allow itself to become completely dependent on the word of the government that it would protect the value of its money? More important, what can we do to reverse this situation and get back to a sensible system where paper money is 100 percent backed by precious metals?”
To the first question, the majority has been unable or unwilling to understand that what is consumed must be paid for by what is produced.
To the second, no government wants to be restrained by a gold backed currency and will always find a way around it.
His “Restoring the American Dream” is even better.
FYI