Yeah and if you ever look at how many ounces of gold have been mined and divide it over the number of people on the planet, it comes out to a fraction of an ounce per person.
We’ll have to have really really small coins.
And since mining won’t keep up with population growth or the supply of goods, a gold standard is a certain recipe for constant deflation, except when major new finds occur.
And we’ll all need test kits to see if the coins are fake or plated instead of real gold.
If I remember my history, one of the Roman Emperors needed gold, and had none, so he made brass coins and plated them with silver. It caused a high inflation rate in ancient Rome.
Much like our “clad” coins LBJ foisted off on us back in 1965.
What would be an alternative to use as a standard? If gold is too volatile and our current “magic wand”standard is a sham, what vehicle could we use to place value on our money? It’s an interesting subject, I am not trying to be a smart ass.