We have enough of both coined metals (gold and silver) to return to a high fractional backed standard. When Kennedy authorized silver certs there were about 460K 1964 peace dollars minted to provide the dollars silver the certificates could be redeemed for.
Now it is Eagles, both gold and silver. You can actually conduct transactions in them outside of federal reserve purview, or you can exchange them for FRNs and enjoy the subsequent tax liability for the privilege of using that system.
What do you think will happen?
I have. I carry a few Austrian Ducats (0.1 oz gold coins) in my wallet, just in case.
bbb