In principal I would like to see gold used for deposits at banks but gold would react opposite to the dollar. When the dollar is worth more, gold will be worse less and viceversa (but I don't think the dollar will be worth much for a long time). You can always buy gold and hold it until the government decides that you can't own gold, but there is usually a clause added that excludes collectable coins, so if you do buy gold, buy gold coins.

Even with the current problems with banking & trade in precious metals, we can still implement honest money at the state level. First we need Delaware to begin accepting Gold & Silver Coins, at the prevailing market price, as payment of any tax, fee, fine or other debt owed to the state, and offering it, upon request, as payment for labor, goods or services purchased by the state. This is a power reserved to the States or the People per Amendment X.

Next, since the States are prohibited from coining Money, we need to pass a resolution demanding that Congress begin exercising their power to provide us with suitable coin, and until they do so allow people to use bullion tokens produced by any reputable mint w/ weight and purity stamped on their face in lieu of coins.

Third, we need legislation (or a Constitutional amendment) affirming the Right of the Citizens of Delaware to make contracts requiring payment in gold or silver. And we need to repeal any state laws taxing or otherwise treating exchanges of gold & silver for goods & services differently than any other form of currency.

Once the state starts recognizing gold & silver as money, businesses & banks will follow suit because it holds value much better than FRNs and they can use it to pay taxes.

Actually part of what you suggested is available today at a majority of banks across the US. You can open "investment" accounts denominated in a wide variety of commercial and/or government issued paper (ie. stocks, bonds, T-notes, etc.)

But this is not really useful because most of them aren't readily negotiable bearer instruments. As for accounts denominated in weight of gold or other precious metals or for that matter any commodity or foreign currencies, I believe they are prohibited by the rules of the Federal Reserve system, and all or nearly all banks are required to be members of that.

There are several other obstacles in the way of a return to banking in gold or silver. One is the invalidation of "gold clause" contracts by Norman v. Baltimore & Ohio R. Co. and other case law. Another is the tax on "barter", making these transactions more expensive than currency exchanges. And a third is the Federal government's hostility toward any form of money they cannot easily debase and inflate.