When Trump and the White Hats have us transfer over to a “people’s economy” whether that’s gold backed or something else, what happens to our money? Our bank savings, our investments, even whatever cash savings we have on hand?
Would a lot of people be screwed over if they weren’t prepared like some other might have been by holding gold/silver? Their stocks, 401Ks, long term investment funds?
Would we file some sort of report of those lost savings and investments in the crash and get the equivalent amount in the new currency? Hand in all their now worthless fiat currency for the new gold backed currency? I’m sure the WH have some sort of financial safety net plan in place for the people right?
Say someone owns ~$10k in gold/silver, what could they be looking at in that economy?
backgroundThere are 2 thousand trillion in derivatives backed by 7.5 trillion in gold. So either the value of the derivatives has to collapse or the value of gold has to increase to be equal to all the real assets in the economy. So do the math. This will be the largest transfer of purchasing power in history
In a hyperinflation scenario....You could probably pay off your mortgage with 25% of your stash.
Damn and that’s just a relatively small amount!