Shortly after taking office sixteen years later, Franklin Delano Roosevelt signed Executive Order 6102 into law, prohibiting the “hoarding” of gold. Under this executive order, Americans were prohibited from owning more than $100 worth of gold coins, and all “hoarders” (i.e. people who owned more than $100 worth of gold) were forced, by law, to sell their “excess” gold to the government at the prevailing price of $20.67 per ounce.
Then, once the government had all the gold, FDR revalued the dollar relative to gold so that gold was now worth $35 an ounce. By simple decree, the government had thereby robbed millions of American citizens at a rate of $14.33 per ounce of confiscated gold, which is why most historians agree that the Gold Confiscation of 1933 is the single most draconian economic act in the history of the United States.
http://www.silvermonthly.com/government-confiscation-gold-happened-beforecould-happen/
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.