Gold annuity?

[Libertarian666]

I find it fascinating (and very annoying) that it is impossible to find an insurance company that would be willing to make some money by pooling the longevity risk of a bunch of gold bugs.

The idea is simple: everyone puts their gold in a pool and draws out the actuarial equivalent of their investment every year for their lifetime (and possibly the lifetime of a joint annuitant), just like with a regular life annuity.

Obviously there could not be a refund provision for early death, or the actuarial risk pooling wouldn't work, as there is no interest income to allow it. But it would still remove longevity risk for the individual participants.

Who here would be interested in something like this? I know I would, if the arrangements were sufficiently secure in my opinion.