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by alexmat 4896 days ago
Why bother changing the law when you can just change your medium of exchange. Much simpler to just trade in gold than to try to keep the Fed in check.
1 comments

You need to change the law if you want the central bank to move to a gold standard or to have a fixed monetary policy so that your legal tender currency doesn't inflate.

Other than that if you just want to trade using a non-inflatable currency you can just go right ahead and trade with gold if your counterparty accepts it. But if you're willing to accept that restriction something like bitcoin is probably a better solution that doesn't involve carrying and securing large quantities of heavy blocks of metal.