The Silver Demonetization Scam

I read that, before 1913, the US flip-flopped from a bimetallic gold/silver standard to a gold standard. I think the change occurred more than once.

Each time, politically connected insiders profited immensely from the switch.

People who knew about the switch from a gold standard to a bimetallic standard bought silver before the switch was announced.

People who knew that silver would be demonetized sold off all their silver before the switch was announced.

The politically connected insiders made a profit of around 1000% each time the USA monetized or demonetized silver.

Saying "history discredited a bimetallic standard" is false. The truth is "History discredited a bimetallic standard when government fixes the exchange rate between metals." A bimetallic standard does work if the exchange rate between metals is allowed to float.

In a truly free market, money would be a multi-metallic standard, with floating exchange rates. In a free market, it would be hard/impractical for someone to monopolize the metal used as money. As they came close to succeeding, people would switch to another metal as money.