Just my opinion but I think the government would need to guarantee that they will purchase all gold for the new revalued price. I believe that would set the new floor price for gold for the rest of the world. The government can print all they want to purchase gold. Of course, everything else goes up in price but the debt is gone.
Just my opinion but I think the government would need to guarantee that they will purchase all gold for the new revalued price. I believe that would set the new floor price for gold for the rest of the world. The government can print all they want to purchase gold. Of course, everything else goes up in price but the debt is gone.