I don't know how easy or difficult that would be. The issue is that they have gold-backed certificates that are redeemable for a specific dollar value, rather than a specific quantity of gold.

They might have to essentially seize the gold from whoever owns it, which they could obviously do.

And what if they change the law? Law is just a funny paper nowadays

TomK

I had read it a long time ago and forgotten about it. Then the Mises guys were talking about it in a discussion about why the gold holdings are essentially useless for paying down the debt, because it can only be redeemed at that price.