"such that the money supply is constant on a per capita basis"

Let's see if we can get the same result using a precious metals-based monetary system with 100% reserve banking:

1. The money supply grows at the same rate than above-ground bullion stocks. Since after Hubbert's Peak the extraction rate of all minerals will decline, the rate of growth of the money supply will be very low, tending to zero.

2. For reasons amply discussed in TOD, population growth will also stop.

Thus, in the Steady-State scenario feasible after PO, a pm-based monetary system with 100% reserve banking would provide for a constant money supply per capita.

See also that deposits in 100% reserve banks not only do not yield interest (as those banks do not lend) but also experience a small demurrage from the fee the banks cover for their service, though that fee might not be proportional to the account balance (e.g. they might charge per transaction).

Now, why do I prefer this system to yours? As I said in other comment, for simplicy and resilience. Frankly, your system (particularly "Newly created money is distributed evenly to every person") is very good indeed, but with human nature as it is, I don't think it stands a chance, particularly for big countries. And sure enough, while your target system could be zero inflation even in negative growth periods, a gold-based system would cause some inflation during those periods (same coins, less goods). A bit of inflation, however, is not seen as bad by Gail and others.

You are also right in that the transition is important, and your steps might be useful also for the transition to a pm-based system.

Is your choice of gold because of its history in that role?

I have a huge problem with gold as currency. Not as an asset, but as currency. Gold is far too good to be a currency. Value dense, doesn't degrade, etc. When times got rough, I'd hold on to my gold, since at least it wouldn't disappear. If everyone did that there would be not any commerce, since no money would circulate.

Any currency already has an advantage over real goods and services due to its universality. Add on top, that currency is a good store of value, and ordinary goods should be seen at a big disadvantage in trade, since money in hand is surely more useful and safer than most anything for which you would trade it.

The first and foremost job of a currency is to circulate. I think the properties of a currency should encourage its circulation. A demurrage charge is designed for that very purpose. The longer you hold it, the greater your losses. The currency has now been knocked down a notch; to be more on par with real goods, not superior to them.

Now if you wish to buy gold with your currency, good, it will make a fine asset. But the currency will keep circulating, since the original owner of the gold will now have to find something to do with the currency.

Essentially, the paradigm shift is to stop perceiving money as an asset, and start seeing it as a shared resource. That's my take on it anyway.