I've heard that before. Remember though, the power loves fiat currency because they can control it. It's much harder to control currency that is tied to an asset. The problem is that switching to a hard currency (asset backed) would destroy the current currency exchange rate. You think $1,800/once is high? The real rate is probably closer to $20K/ounce. What you have to do is take a guess as to how much US currency actually exists and then divide that by the amount of physical gold that the US has. I'm thinking that $20K/oz should probably be about $500K/oz. Well, imagine the outrage if that happened. All of a sudden, you realize we've been lied to for hundreds of years. Noone wants be near the financial system if that were to happen. People will claim, but velocity of money. Wrong. They mean velocity of currency. Currency does not equal money. Government would not survive with a hard currency. The interest alone could not be serviced. Our taxes would have to be 50-60% or possibly more to keep spending where it is. People would revolt. Trade would suffer. China would not be able to trade with the US. This is what people mean when they say we don't have enough gold. We cannot pay our trade debts without stealing other's labor. This is why Nixon took us off the gold standard in the first place. I could bore you for hours with dispelling all the lies. The rabbit hole is deep.