Gold has a crappy 5000 year record. You still have not explained how a gold backed currency will work. As a matter of fact you have explained nothing. All you have is personal incredulity about fiat currencies. Fiat currencies existed 1200 years ago.
Gold has no more intrinsic value than the US Dollar. The faith and credit of the US government is more stable than a rock traded on an open market.
As for gold as an investment vehicle? It only has value for those that live in fear. Returns on mineral investments are dwarfed by returns on stocks. The S&P index and Dow index have far outpaced gold and silver.
I will consider gold as an investment when it pays a dividend. When yadd dividends to ROI gold and silver returns are miniscule.
Facts is facts.
I get the psychological aspect. We have averaged 20% in our IRA's and my wife's 403 investments in the last year. I still throw extra at out mortgage, which is 3.75%. Investing is a much bigger return, but eliminating the mortgage has a psychological aspect.
Stocks vs. Gold and Silver - Updated Chart | Longtermtrends
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens
Facts don't lie or have an agenda. Facts are just facts
"God did it" is not an argument. It is an excuse for intellectual laziness.
If your viewpoint has merits and facts to back it up, why would you have to lie?