“Some level of floating currency is clearly most reasonable solution. But just how is still very open question.”
I think the answer is to tie it to lifespan.
How many years does it take for a family to purchase a home on the gold standard? 200? 350?
In our time, we have turned the dial so far that some families can purchase a home in five years.
So it becomes a question of expansion over time for real people - and nobody wants to live in a world where it takes 400 years to save for a house.
Perhaps, however, it should take more than five…
And when market changes drastically(extra gold, or lot of removed supply). The value also swings a lot. Possibly even more than with other currencies.
Some level of floating currency is clearly most reasonable solution. But just how is still very open question.