Two thirds of the people never turned in their gold.
It doesn’t matter how much fiat money is out there. There will be a complete revaluation of the currency and the current dollar will cease to exist. What value is actually assigned to gold will have nothing to do with the number of fiat currency units floating around.
The ideal situation is to get government out of the money business all together and allow free money to occur as a result of what people want to use. Silver will also be an integral part of the money system as well. The system could very well gravitate to digital gold and silver currencies, like goldmoney.com.
The point is that not only is gold possible to use, it is really the only thing that can be used to prevent the political class from using the money supply to buy votes and keep power.
You have a way with words. You've summed up (in a single paragraph) a point that would have taken me an hour to explain. Brevity man, you got it. :)