Still, the timing of such a trade is easier said than done, since market watchers also look for gold to maintain the upper hand for the foreseeable future.
Not only would such an arrangement generate countervailing forces to doubly ensure that neither the U.S. nor Europe went off gold unilaterally in the future, it also immediately would create two competitive reserve currencies, which would bring market forces to bear to prevent shenanigans by either central bank or finance ministry and provide an indirect restraint on parliamentary borrowing.