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The Eurozone countries have between them over 10,000 tonnes of gold reserves.
There is talk in financial circles that the Eurozone may decide soon to use their bullion to back up the euro, either by redefining the debt-based fiat system and using bullion to voucher for their currency, or by issuing gold-bonds with a low yield, so-by reducing future interest rates payable by the State.
One tonne of gold is currently valued at about $62 million (US dollars), so 10,000 tonnes is worth over $600 billion.
The European Central Bank possesses a further 500 tonnes of gold, then there are the gold reserves of individual European banks, all adding to the initial 10,000 tonnes.
By comparison, Britain has about 310 tonnes of gold reserves, worth around $18 billion.
However, should 1 euro be worth more than 1 pound sterling as a result of a gold-backed euro - or euro bond, this would be beneficial for the UK economy. In fact, extremely beneficial.
