WTF Happened in 1971? This is the question posed by Richard James in Hard Money. In just over half an hour, you’ll get a high level understanding of why President Nixon removing the gold standard was the beginning of the end of fiat currencies.
For a deeper understanding, do some research into the Bretton Woods system of monetary management established in 1944.
I’d also recommend watching The Hidden Secrets of Money series by Mike Maloney. While gold is the original hard money, Bitcoin has additional properties that make it a better store of value. That doesn’t mean that we have nothing to learn from gold, or that it is going away. What we are witnessing today is the birth of the Bitcoin Standard.