THIS ONE IS BIG: Gold backed currency introduce
(www.moneymetals.com)
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It’s a good question, whether or not the dollar can be salvaged. I think that fixing the dollar would make the transition less bumpy. But, as you said, it’s not easy to restore the integrity of the dollar, so much damage has been done.
If gold and silver are allowed to trade freely and honestly, I believe their price in terms of dollars will skyrocket. Ultimately, that can (and in theory should), fix the problem of there being too little gold for it to be used as money.
The question of gold reserves is something I often ponder. I live in Finland, and our gold reserves could be stolen already. In the the US, the situation is better. I believe that you have the gold, as Q confirmed. As the saying goes, posession is 90% of ownership. And that is relevant as there is at least dozens of claims of ownership for every ounce. That is something that has to be solved somehow.
Thank you for that very thoughtful response.