I just wish they would bring back bullion sovereigns and half sovereigns at reasonable prices. It worked in the past.
I don't know, other than me agreeing to it, it doesn't seem to be anything that he hasn't expressed before? He isn't supporting the status quo, just pointing out that the government is happy with the current state of affairs and it would not be in their interest to give the public an option.
Although bad for our dealers here, what if banks also bought and sold gold at the prevailing market value - to keep it simple buy/sell only PM coins. Some european banks do that i believe.
Easy peasy. Essentially just denominate everything in Intrinsic value but using redeemable banknotes for day to day transactions. Need free banking at the same time.
Greek Banks buy gold sovereigns, or at least they used to, not sure I would be selling to them now anyway