Russians lose global competition

[Anomalocaris]

Gold standard is idiotic. The total gold reserve in the world would need to exactly keep pace with the growth or decline of the world's economy for it to be worth any of its touted value. Inflation or deflation otherwise happens just the same. What is more how closely the supply of gold matches the changes in world economy is now dependent on geology and mining technology, factors totally unrelated to growth of world economy, rather than on central banks, which is at least in theory capable of determining a rate of money supply changeappropriate to economic growth.

So Gold is distinguished from fiat money only in that you have given the power of fiat to random chance rather than an intelligent agent.