is gold money ?, page-15

It sure is, thats what limited the amount of money that was printed by a country, i.e only by how much Gold a country had. Just like a credit card.
Of course for the yanks it was inconvienient during the Vietnam war,they needed to finance the war so the Gold standard was abolished, and merry printing days without any repecussions until now have been felt, the pied piper will have to be paid.