Explain to an idiot the benefits of going back to the Gold standard

[Taso]

Well, the subject line basically has it all. I keep hearing Ron Paul say we need to go back to the gold standard, and I really like him, and don't put a lot of trust in the Fed, but can anyone break it down; how would it benefit us, or hurt us, as a nation and individually?

This would also be a good time for people who disagree with this to stand up and say why. Copernicus? lol (Slightly joking, but you seem to disagree with a lot of what Ron Paul says)