Would it be a good idea to restore redeemability?

Would it be a good idea to make currencies redeemable again into hard assets, such as land? Since 1971 (the Nixon Shock) no major currency is exchangeable into gold or other hard assets. This means that either Governments, or the banking system, are able to inflate the currency to such an extent that it loses tangible value.

To restore redeemability, the Government could commit to handing over assets held by the State, such as land, in exchange for currency. This would enable the currency to hold value and provide a severe disincentive against weakening the currency.