ONE COMMODITY'S MONETIZATION IS ANOTHER'S DEMONETIZATION. ON A LONG ENOUGH TIME HORIZON, IT'S ALL JUST A TIRESOME A/B TEST - BASIC HUMAN PSYCHOLOGY. FEW UNDERSTAND THIS.

I have no special insight or information about this... so I don't have a worthwhile opinion.

Centralization killed gold. In order for gold to be used efficiently as a medium of exchange, banks needed to hold the bulk of a user's supply. That way a system of 'trustworthy' paper checks and reciepts could be issued by the holder to the user. This allowed the user to make quick purchases, both large and small. Of course, when the bank issued more paper than they held in gold, the results spoke for themselves.

That gold support in the chart is pretty impressive though. But when it's finally broken...