Your numbers are way off. The U.S. holds 250 tons of gold, worth approx $350,000,0
00,000 Billion at today's prices. A better way to make the government pay attention would be to offer Gold Certificat
es to the public only, or gold coins,in $100.00, $500.00,an
d $1,000.00 denominati
ons, with the weight determined by the prices on a fixed date of issue. Then make the gold a "legal tender" currency, and watch the fur (and dollars/eu
ros/yuan) fly!
Retire the dollars exchanged for the Gold and that will reduce the currency in circulatio
n, perhaps reducing inflation, as well, certainly positively affecting attitudes about solvency of U.S. Also,watch
ing the "arbitrage
" between greebacks (fiat money) and Gold would be fun! FUN! FUN!
Oh,and NO new Gold certificat
es or coins issued without the actual metal "in stock" to support it.
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