On: China's central bank calls for new reserve currenc...

[Retric]

I don't think you would gain any day to day stability from doing so. You would still have all the instability in the USD multiplied by the instability in your commodities index. The advantage would be a hedge vs. inflation but that's got limited value relative to stability when talking about small amounts of money.

[cturner → Retric]

You'd have instability, but not necessarily consistent loss of purchasing power which is what you get with an inflationary ccy.