In short, at one stroke, the Federal Reserve would be abolished, and the United States and its banks would then be back on the gold standard, with "dollars" redeemable in gold coin at $1555 an ounce.

总之，我们可以一蹴而就的一举废除美联储，并在一夜间让美国和它的银行业回归金本位，那时“美元”将以1555美元/盎司的价格被兑换成金币。 所有的商业银行都将再次像内战前那样对自己负责，自负盈亏。

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Except for twenty-five years (1797-1821) the British pound was on a gold-coin standard for two straight centuries (1717-1914).

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt

The U.S. remained on a gold-coin standard, except for brief periods (1862-1879) for more than a century (1792-1914).

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt

Under the classical gold-coin standard (1717-1914) private banks and central banks alike issued currency convertible into a fixed weight of gold, with balance sheets consisting primarily of gold coins and short-term loans denominated in local (but gold-convertible) money.

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt