For all those loving gold, please watch this documentary

And then more about the pollution and damage that bring gold mining

When you say "I hold gold" you are literally participating in these attrocities!

Please consider the source. The authors of this propaganda are professors at Brandeis and NYU, institutions which support the banking system and the WEF. The intent is to prop up the fractional reserve system.

Remember, they will use the same arguments against bitcoin that they use against gold.

I don't have time to run through all the bullshit here, but one glaring example is their inflation analysis. No mention of how inflation was calculated in the 1800's compared to the way the standard was manipulated constantly post Jekyll Island.

They attack business cycles as a bad thing. The world they want to live in destroys real competition and they don't even consider the concept of creative destruction. They seek a world that continues to be controlled by their "too big to fail" banks.

Don't buy it.

This article assumes the continued legalization of fractional reserve banking and you know under a gold standard they're probably right to assume that given you need custodians to transact with gold.

That volatility is coming from credit expansions and deleveragings. People taking out debt (which is money printing under fractional reserve banking) and people paying off debt.

Interested in your comments

The gold standard was a good idea for the time. If you don't have Bitcoin, gold is the next best thing. There are definitely centralization and transportation problems, but its still a hard money. Much better than the fiat crap we have now.

Tl;dr The gold standard between the wars was not synonymous with stability, and the evidence shows that both inflation and economic growth were quite volatile under the gold standard. Criticisms of returning to the gold standard include problems such as tying prices to the amount of money in the economy, wasting resources, and inviting speculative attacks.

In my opinion these same arguments could apply to the fiat standard lmao

The gold standard system was a threat to financial stability and economic prosperity between the First and Second World War, according to the book 'Golden Fetters' by Barry Eichengreen. There has been criticism of the extraordinary monetary easing policy adopted since the 2008 financial crisis, leading some to advocate a return to the gold standard to stabilise prices and finance. However, the evidence shows such a return would be a "colossal mistake", according to Stony Brook University's Professors Stephen Cecchetti and Kermit Schoenholtz. They argue inflation, growth and the financial system are all less stable under a gold standard and that more recessions, larger swings in consumer prices and more banking crises would result.