>it would actually make the poor poorer Nope. This is entirely wrong. Consider: You have $100. I have $1000. We both get +$50 worth of gold. So you have $150

>it would actually make the poor poorer Nope. This is entirely wrong. Consider: You have $100. I have $1000. We both get +$50 worth of gold. So you have $150 and I have $1050. You increased your welth by 50%, but I only increased my wealth by 5%. So yes, if you had no money, you actually did earn purchasing power. Let's consider another example: The poor person probably has $0 invested in gold. So if anything, it hurts people in the middle class, who might have let's say 5% of their wealth in gold, which is suddenly worthless. So the poor person has actually increased their buying power compared to the middle class, and the rich (who probably have so much money in real-estate and stocks that any gold investment is minuscule) are unaffected.