There's a lot of State propaganda regarding money. State comedians say that paper money is superior to gold and silver.
Paper money is "flexible". "Flexible money" means "Insiders can easily steal via inflation."
Gold and silver are "inflexible". This is good. This prevents insiders from stealing via inflation.
Another joke is "The free market discredited the gold standard." Did the free market declare gold ownership illegal in 1933? Did the free market allow the Federal Reserve to print more gold-redeemable paper than they had in gold reserves?
Under a State fractionally-backed gold monetary system, a default is inevitable. State insiders print more gold-redeemable paper than they have gold. The "free market" leads to a run on the State fractionally-backed paper. The "official" price of gold starts deviating from the real price.
The "free market" is blamed. The State caused the default, by printing more gold-redeemable paper than they had gold. Sensing a default, people rationally start hoarding gold. In 1933, Roosevelt robbed people who acted rationally, by declaring gold ownership illegal.
Look at it from an individual point of view. Suppose your only monetary choices were:
- gold/silver/copper, valued at the metal price
State comedians say "You can't eat gold." You can't eat paper either. With gold, you can put it under your mattress and preserve purchasing power. With paper money, you're forced to invest it, lest you get robbed via inflation.
In a hard collapse SHTF scenario, both paper and gold will be useless. In a soft collapse, paper will suffer high inflation while gold and silver preserve their purchasing power.
There's a lot of State propaganda denigrating gold. There's a lot of pro-State brainwashing regarding money. You're an idiot if you prefer unbacked paper to real money.
From an individual perspective, there's no reason to prefer paper to gold. With paper, you can be robbed via inflation. With gold, you're protected from theft via inflation.