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The Hierarchy Of Money And The Case For $8,000 Gold
https://www.zerohedge.com/commodities/hierarchy-money-and-case-8000-gold

In the hierarchy of money gold is superior to fiat money. From an historical perspective the past decades have been characterized by trust in fiat money, whereby fiat made up the lion share of global international reserves. The war between Russia and Ukraine (and by extension West and East), inflation, and systemic risks are reversing this trend. A long-term gold valuation model, which assumes gold will account for the majority of international reserves, suggests the gold price to exceed $8,000 in the coming decade.

When CBDC are implemented gold ownership will likely be outlawed.

In the meantime high interest rates should favor lower gold prices, unless everything decides they need to buy some, in which case the sky is the limit.

BTW, technically, you can pay for things in silver and gold today. It might be interesting to start asking various small businesses to do some trading w/ silver dollars. See if your local restaurant (not chain) would take 2 silver dollars plus some cash for your next meal. See if you can pay with silver dollars at the Farmer's market. You might be surprised!

Zak says

See if your local restaurant (not chain) would take 2 silver dollars plus some cash for your next meal.

Yeah, that's about right for a meal for two. 2 x 0.715 x $23 = $33

There's (about) 0.715 ounces in silver for every silver dollar have. That's true of dimes, quarters, 1/2 dollars, and Morgan dollars. You can tell how much silver you have in old circulation money by just weighing in. 10 dimes weights as much as 4 quarters, etc.