BaseGold Standard belongs to OPP Series 1 - Orange Pill In A Pack, part of Bitcoin Trading Cards, a collector line that borrows its scarcity model straight from crypto. It is card 35 of 65 in the set.
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"A GOLD STANDARD IS TO THE MOOCHERS AND LOOTERS IN GOVERNMENT WHAT SUNLIGHT AND GARLIC ARE TO VAMPIRES." - HERMAN CAIN A GOLD STANDARD IS A MONETARY SYSTEM BASED ON A FIXED SUPPLY OF GOLD. A GOVERNMENT OR BANK THAT ISSUES CURRENCY MUST HAVE GOLD RESERVES TO BACK ALL NOTES IN CIRCULATION. GOLD-BACKED CURRENCIES RETAIN THEIR VALUE BECAUSE GOLD IS SCARCE, AS OPPOSED TO FIAT MONEY, WHICH CAN BE MINTED WITHOUT LIMITS. PRESIDENT RICHARD NIXON DECLARED THE END OF THE GOLD STANDARD IN 1971. ECONOMIC PROSPERITY INCREASES FOR EVERYONE WHEN A CURRENCY MAINTAINS ITS VALUE OVER TIME.
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