Gold is not money. It is tradition. It is a rare (scarcity of supply) and shiny (excess demand) metal (lasting quality) which is nevertheless prone to debasement when used as a currency (unsuitability).
Does that make me Satan too? ;-)
The key with making new paper or digital money is to make enough of it but not too much. If you make too much you get inflation. If you make way too much, you get hyperinflation. If people value money too much relative to goods and services you get deflation.
My rule of thumb: over the long run, you need to increase the money supply about enough to reflect the growth of GDP.
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