Maybe, but he has made a quantitative statement that is incorrect.=/ Let's not be so harsh mang.
But yeah, if every item is BoP, we'd have an issue with what we pick up. Economically, how would there be trading? We'd need it magically peeled off or however, and at best it could be an annoying gold sink.
That is one hell of an idea. A BAD idea, but one hell of an idea nonetheless.