The unadulterated Gold Standard means that no paper money can be printed that is not redeemable for gold (or silver) coin.
In the very near future governments are going to be forced to live within their means. That means zero welfare and zero pensions; not because people do not deserve their pensions, but because the money that was extracted from them for that very purpose has been spent. Not one penny was set aside.
The next few decades are going to be excruciatingly painful. There will be great social upheaval, but that is the price we will have to pay for the fifty years of foolishness that has now come to an end.
Until the world has adjusted, the standard of living is going to fall precipitously.
Since Gold entered the marketplace in 1500BC, people have reliably created peaceful and prosperous societies. Through their monopoly of our money, governments have unfailingly destroyed them.
Governments must be forever stripped of that power. They can no longer be permitted to continue their millennia-long tradition of destroying the wealth and prosperity of nations. Full control of money must return to the markets from where it was expropriated.
The markets will quickly determine that only Gold and silver are money and that the only banks to be used will be those that have regular and transparent audits by an independent private body.
Either we will have an unadulterated Gold Standard in our future, or there will be no future for Western societies.