The dates are important here Reela. 1933 is when the gold recall happened, because we went on the fractional reserve-- this happened AFTER the 1929 stock market crash, and subsequent currency shortage, as everyone tried to get their paper currency converted to gold coinage, because it had fixed actual value, and would not devalue under the hyper inflation that the fed reserve would produce, to cover the currency shortage.
Going back to the gold standard, as FJ is worried about certain insane congress critters doing, would mean setting a fixed price for gold, and then using gold as a tangible allocation of coinage-- just like we had prior to 1933.
The problem that happened in 1929 was that the value of the dollar fell precipitously as the stock market circled the toilet, and everyone wanted gold. Since banks could issue more notes than they had gold on hand, and normally be able to conduct business, there were more notes than there was coinage to cover it, and this led to a run on the bank, and loss of faith in the currency.
To fix this currency shortage, the only real option was to go off the gold standard, as there simply was not enough gold to go around. There simply wasnt. There are more people now, and even more bills in circulation. Gold is completely unworkable as a medium in this capacity, even when offered as a mere pricing point. Instead of a run on the bank, the increased demand would drive up gold prices, which would deflate the dollar. BAD JUJU.
The gold standard simply would not, and will not work.