A Gold Anchor Standard?

"Currently banks have to have core Tier 1 capital ratio of 4% of which will rise to 6% from the beginning of next year. In addition to its store of value merits, central to the argument in favour of gold as a bank reserve is its countercyclical nature to most other assets in that it tends to be inversely correlated. Gold is ideal as it bears no credit risk, it involves no other counterparty and it is no one's liability. It is a reserve asset diversifier if you like. "