Well I've considered doing it, but I'm here in America where Roosevelt stole gold at a whim ("mandatory buy-back" at $400/oz in today's currency, where the price is over $1,500). I do like the concept, but I'm not confident one of these kooky big-spending politicians won't decide to steal it to pay for some program.
Regardless, most people won't do this due to liquidity issues. Why can't we just put the currency back on gold? That's like saying we shouldn't put an embargo on Iran because "Every one could just stop buying oil from her."
Regardless, most people won't do this due to liquidity issues. Why can't we just put the currency back on gold? That's like saying we shouldn't put an embargo on Iran because "Every one could just stop buying oil from her."