@kinship It's because theirs a small supply of gold other precious metals is what makes them so valuable."A gold standard would in essence stall economic growth "Wrong the period from 1880 to 1914 is known as the classical gold standard. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital.The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress passed the Gold Standard Act. In 1834, The gold standard broke down during World War IThe long term solution too our economic problems is to tie the dollar back to gold and legalize competition for the people(I.E meaning our citizen can use gold ,sliver ,Euro ,Canadian dollars or others to legally pay of debt and buy goods.)