Why would a supporter of fiat currency want a gold standard ? Its deflationary and takes away all the fun of credit creation, deficit spending, and the welfare state. Jeez, someone would actually have to pay for the mess in Iraq ! Its not going to happen any time soon Wolfie.
ANyway $250/oz is far too low everyone would just convert their us dollars to gold and Fort Knox would be drained... as happened in the 70's before Nixon ended the Bretton Woods agreement. About $3,500/oz would be more realistic if you were going to go back to a gold standard.
