I asked a similar question here. Basically the option is to have semi-fiat, semi-gold dollars, starting wtih $1 as 1/3000 of an ounce. Stop printing more money and gradually work to get the dollar on parity with the market value of the gold in our reserves.
And I think that were the US to try to move back to the gold standard, the market value of gold would drastically increase.
I was talking with one of the heads of the Libertarian Party the other day, and he told me it wouldn’t be feasible to go back to the gold standard because it would make the cost of products that requrie gold (like electronics circuit boards) about five times more expensive. He thought another metal would be better.