A drawback of the gold standard days was that it made the feds feel they needed to monopolize gold. It was illegal to own gold in the US between the 40s and 70s.
A bad law indeed.
A society in decline...
The effects of leaving the Gold Standard: https://blossom.primal.net/9b8b11c16241d713374b55a548d3cb1fce62ed6d32d27973093a95429a75a9dd.mov
Discussion
They had already broken the Gold standard by that point, they just didn't admit to it. Right after confiscating Gold they revalued the dollar against it, going from $20.67 an Oz to $35 an Oz. It was the first visible crack, with WW2 increasing our Gold supply substantially the collapse of the Gold standard was postponed but we stopped being on the Gold standard the moment the first federal reserve notes started being printed.