Could be right there, of it being similar to the current system. There is one difference though. It is backed by your own Physical Gold. You buy the Gold pool and when you want some money sell some back to the Gold sellers though to make it viable you would probably need to sell a couple of ounces at a time as the buy and resale value on gold is about $34 each way. But you get the benefit of having your cash in Gold to gain on the devaluation of currencies. The Gold merchants can put your money into your account and you just use the money as normal through your card access to your accounts. Still and all you cant escape the COMEX and its toilet paper.
