will the gov nationalise mines?, page-3

"In order to cover everyones positions and debts, the fixed amount of gold and silver will be priced at many multiples of today's price."

2010 money supply in Australia was 1.329 trillion.
Australian gold reserves 80t.

"That is called a gold standard."

thanks jetson, but my question is "if" there is a crisis and to restore confidence a said currency. I should have explained myself better.

1/ how would it be impletmented
2/what would value gold and silver and
3/if the governemnt was deficient in reserves would they confiscate or nationalise mines.
any thoughts???