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Besides what people already pointed out about individual’s wealth, I also want to mention the US has a lot of debt with other countries and institutions. Those would get very upset if it looks like the government can no longer pay those debts.

my first thought with this plan is the exact same thought I have when one of those “buy gold” commercials comes on and the old person be like “it’s tangible, I can hold it in my hand, it’s not sitting in a bank.” That only helps the person breaking into your house. So if you gave EVERYONE a little bit of gold, people would know others have this gold, and if the wrong person finds that out they’re gonna break into houses getting that gold.