Even if it pass. Who is going to audit all the gold. Surely FED can just hold fake gold, can't truly be verified. If they really want to make dollar be backed by something, it have to be Bitcoin
Somehow I don’t think they will pass this legislation
https://watcher.guru/news/3-congressmen-introduce-gold-standard-bill-to-stabilize-u-s-dollars-value
Even if it pass. Who is going to audit all the gold. Surely FED can just hold fake gold, can't truly be verified. If they really want to make dollar be backed by something, it have to be Bitcoin
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