Could be taken as an interesting argument against ideas like the gold standard, pegged on limited supply. There was a notably huge spike in inflation in the US

Could be taken as an interesting argument against ideas like the gold standard, pegged on limited supply. There was a notably huge spike in inflation in the US during the major period of gold rushes in the US. 1850-1870, avg 3%, nearly 15-20% around 1860-65, when Nevada, Idaho, Arizona, Colorado, and California all hit gold. Interestingly, followed by a huge crash. Effectively just created a bubble that burst shortly after. When a theoretically limited asset is found in huge quantities, it possibly creates a vast, unstable surge in the money supply, that then just equalizes back to the real value of underlying assets later.