Comments by "" (@jmitterii2) on "Right Wing Libertarian Caller Really Likes Gold" video.

Gold standard wasn't good for a variety reasons; the price of gold was actually fixed in currency terms for one thing, so still easy to manipulate. And raw coinage with actual gold or silver caused deflationary spirals. 1800's there were more and deeper recessions/depressions than the 1900's after the gold standard was ended. I personally like the flexibility that currency provides that is fiat than backed by some commodity. Fiat is still backed by the GDP of the country in which it was issued, particularly with foreign trade. And provides the flexibility for those to take the liberty to buy gold or some other commodity or completely other investment as the item is now open to trade; allowed to change in value. Before gold and silver troy ounce were price set. With fiat, those to precious metals are not price set.
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