Funny idea. Anyone clued into why the US went off the Gold Standard in the first place? Funny thing about that. See, our friends on Wall Street decided that it would be a great idea to securitize gold reserves into investment paper, but, they got a little ahead of themselves and issued more investment paper than gold in existence. When this revelation was discovered the Gold Standard was dropped like a hot potato, for the implications of all that falsified paper in investment portfolios globally would lead to a global crash if holders of these securities were to panic and to try and cash out.
Now, the punchline, once the US went off the Gold Standard Wall Street was REALLY able to print up the Gold Securities and sell them. I bet if someone were to try to balance the amount of Gold based securities against actual inventories of physical gold globally they would absolutely fill their pants.
The US goes back on the Gold Standard all of the holders of gold paper would expect to be made whole, for gold couldn't both form the foundation of the US currency and in circulation for investors ... either the currency crashes, or the markets do. Choose your poison.
Oh, and if you start issuing gold coins to the population in ten years they will all be in a vault in Hong Kong, or Zurich, but, sincerely, a functioning economy is really over rated anyway.
Read the Article at HuffingtonPost
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