I see two scenarios: The US\Treasury revalue gold, or they don't. If they do, gold goes up instantly (insert your wild speculation number here). If they don't, gold keeps going up as more worthless debt based fiat credit is created and faith in said fiat erodes (not just globally but domestically.) This whole yarn Bessent is spinning about restoring faith in the dollar and Russia will come back to the dollar and Venezuela loves dollars bla bla is crap. The entire world is denominated in dollars, so everyone needs them to service debt.. until they don't. Short term gold could go down again as need for dollars increase during a crash, but that would be temporary. As an American I don't even want dollars. I want all the purchasing power that was stolen through inflation back. I refuse to let them steal any more of my purchasing power in the future, so I get rid of dollars as fast as I earn them.

Both scenarios: hoard gold like your future depends on it (it does).