You know, there's a reason that not one single country in the entire world is on the gold standard anymore, or any commodity-based standard.

It's because commodity-based currencies are inherently deflationary, which means hoarding money and doing nothing with it is usually a better strategy than investing it, which means that new projects don't start.

Another reason is this. Russia has up until recently always been the largest gold producer in the world, so by now they would own almost everything. China is now the largest gold producer, by the way.