Going back on the gold standard (or any other standard where fiat currency directly represents assets held or wealth directly manufactured) could be a good tool to prevent fractional reserve banking. Which is why the legacy banks would do all they could to prevent it.
But interestingly, Russia has gone back on the gold standard in a very limited way, by linking the ruble to gold at a set price. There's a slight twist because they've got from "5000 rubles per gram" to "at a negotiated price", but to a certain extent that reflects market fluctuations. They have the advantage of sitting on a large stockpile of the pretty yellow stuff, however, and are one of the world's largest producers of it.
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