Commodity money as a theoretical backing for federally issued "gold certificates" to substitute for the gold. Between 1933 and 1970 (when the U.S. officially left the gold standard), one U.S. dollar was technically worth exactly 1/35 of a troy ounce (889 mg) of gold. However, actual trade in gold bullion as a precious metal within the United States was banned after 1933, with the explicit purpose of preventing the "hoarding" of private gold during an economic depression period in which maximal circulation of money was desired by influential economists. This was a fairly typical transition from commodity to representative to fiat money,
Precious Angel Dylan refers to his delivering angel as the torch that led him to the greater light of Jesus. The chorus might be addressed to either the precious angel or to Jesus: The lyrics contain many biblical references. The theme of the song seems to be taken from 2 Corinthians 4:4 to 4:6, in which the light of Christ is contrasted with the darkness faced by those deluded by the devil. The line "Now there's spiritual warfare, flesh and blood breaking down" appears to be a reflection of another verse from 2 Corinthians (10:3) which states "For though we walk in