Italy Interested in the Gold Standard

According to Bloomberg, Italy’s Finance Minister Giulio Tremonti supports a proposal to use the Bank of Italy’s gold reserves to guarantee loans. With this being said, could the euro zone be collectively considering moving back towards the gold standard?

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaztRr9ffbyg

If this is true, we can expect many other nations to follow suit. With that being said, it could create a fairly incredible spike. I will keep my eyes on any developments pertaining to this.