That would be entirely correct! It turns out that even though rich first-world countries used the gold standard for a long time, they suffered manic booms and d

That would be entirely correct! It turns out that even though rich first-world countries used the gold standard for a long time, they suffered manic booms and devastating busts, over and over; countries recovered from the Great Depression precisely as early as they got off the Gold Standard and went to central bank money supply management, because it actually works better. It's a common mode of pseudoscience to fervently adopt a discarded idea, and economics is no exception. Gold bugs and Federal Reserve conspiracists (and the acceptable face of this, Austrian Economics) is precisely this variety of bad idea. I too am an amateur enthusiast, but boy I had to sharpen up arguing with bitcoiners ...