| The Roman Empire fell apart because the gold coin was debased with less valuable metals and made worthless over time.
turned around, causality is
| Since President Richard Nixon took the U.S. off the gold standard in the early 1970's, the U.S. dollar has become increasingly worthless over time
One individual US dollar has become increasingly worthless. "The US Dollar" as a system, is increasingly powerful and useful over that time, and there were and still are many useful and profitable investments which more than make up for the depreciation built in to one single dollar. And precious metals are not a very good one.
| P.S., Some people believe that the world central banks are surpressing the prices of precious metals to prevent people from realizing how worthless the dollars are in their wallets.
In that case, don't fucking fight the Fed!
So they're printing increasingly worthless dollars are yet so powerful that they can suppress the precious metals EVEN MORE? And by printing so many more worthless dollars? How does that work exactly?
They didn't manage to suppress the equity market, the real estate market or the bond market, which can also, even more effectively, make people realize "how worthless their dollars are" by increasing even faster than a dollar. What's up with that?
PS, if you advocate a gold peg, go see Greece: it is suffering tremendously under the same equivalent peg of their currency to a German Euro. The message from facts of 1930-1933 was very clear: the countries in a major recession which depreciated first, came out better economically.