BaseGold Standard is a card from OPP Series 2 - FUD Busters, part of Bitcoin Trading Cards, a collector line that borrows its scarcity model straight from crypto. The set runs to 138 cards, and this is number 54.
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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 THE NATURAL INFLATION RATE OF GOLD, HISTORICALLY AROUND 2%. 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 INFLATES SLOWLY AND AT A PREDICTABLE RATE, 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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