Wow! These folks are shrewd. Finally, a method to bring the creation of new money into the State rather than the Federal Reserve Bank.

Let this process be used with silver as well as gold. Why? Spendable silver-backed State dollars could be used for many things that are less expensive. One could easily find the silver in his silver-backed dollars because silver is worth so much less than gold. It would take much more silver to make up $20 dollar's worth of silver in a silver-backed bill, than it would take to make same value of gold in a gold-backed bill. You could actually feel the silver far easier than you could feel the gold. Silver would be used for small, low-priced items.