Why did the gold certificate reform fail? Because of the defects of the gold standard system itself?

Not necessarily the gold standard.

—— Mainly from August 65438 to August 0948, the total legal tender circulation was 66.3 billion yuan.

According to the exchange mode of 1 yuan gold certificate = 3 million yuan.

66.3 billion RMB legal = 200 million RMB gold certificate

However, in August 1948, it was decided that the circulation of gold coupons was actually 2 billion!

This is equivalent to a tenfold increase in inflation in August of 1948. The problem has not been solved, on the contrary.

It can be said that the golden ticket can't be successful from the beginning.