> The global supply of gold did not increase 3x. The government's gold reserve increased 3x. > The Fed kept a fixed exchange rate for gold, while inflating th

> The global supply of gold did not increase 3x. The government's gold reserve increased 3x. > The Fed kept a fixed exchange rate for gold, while inflating the currency supply. "inflating" the current supply of what? dollars? As noted the reserve ratio did not decrease. As there were more dollars there was more gold backing it.