Loading ...I always thought that if the USA, REALLY does have the biggest hoard of Gold in the world, and if a global economic financial currency collapse unfolded, the USA would be the leader again, with global reserve status currency again.
I believe that’s why they have $50 stamped on a one ounce Gold Eagle. Without bothering to use a calculator, just for example, with Gold at $10,000 and a new system NEEDED, back to the past, a reversal of the 95% loss of US Fed note purchasing power, I can imagine gold bugs cashing out at $10k per coin, and turning in $50 old dollars for one $1 new gold backed dollar.
All bank accounts, brokerage accounts, checking accounts etc would need to be adjusted $50 for every $1 over night like a 50 to 1 reverse stock split. The US Fed Notes have simply devolved from real money in 1913, into the stock share price of the USA corporation.
The Scum will have to eat some humble pie. 🙂