Would this be possible if they did an exchange of “old dollars” for “new dollars” where it would be a 100:1 ratio (or some specific factor),
Then peg a “new” dollar (e.g. silver certificates) to X% of an ounce of gold?
But that is going mean opening up Fort Knox and all other gold depositories for near simultaneous international viewing and accounting..
Then peg a “new” dollar (e.g. silver certificates) to X% of an ounce of gold?
—
Right now it would exchange as ~ <2000:1
If the US did as the bill would have it, that rate would climb steeply.