As soon as the FED took over and Nixon got off the gold standard, it was all downhill from there for the US and the US dollar, inflation wise.
By the way, gold is an almost biblical currency, it is the only currency that does not create inflation, because we cannot create gold out of thin air.
If I find $100 worth of gold in a new goldmine, the money supply has increased by $100 and wealth has increased by $100. But If I print a $100 bill where is the gold to back it up?