Commodities are anything you want them to be. It could be Pork Bellies. It cold be pineapples. It could be precious metals.
Jo
What I am talking about would be a 'basket' of say 13 metals that are precious to semi-precious and not precious at all.
I would have gold, platinum, silver, Rhodium, Palladium, ruthenium, osminium, rhodium, iridium, nickel, copper, zinc, and tin as redeemable metals.
So say I have $100,000 and I want it in metal bullion. I notify the closest Federal Reserve Bank of my desire to redeem my cash in metals, and go there at the appointed time.
They then give me an assortment of the above listed metals in a sum quantity OF THEIR CHOOSING that equates to the $100,000. Yes they can play the market a bit and give me metals that are thought to b e about to lose value or just give me all of it in tin to harass me if they want. I would be responsible for taking the delivery in a reasonable amount of time after I sign off on the list of quantities they are giving me.
To give the currency more of an immediate boost, I would start making all coinage in an alloy of 75% copper and 25% nickel and allow the selling of these coins for their melt value. But that is entirely against the grain of the curent currency experts, lol.