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bix6today at 3:08 PM1 replyview on HN

What are the long term implications? Gold can’t reasonably be the medium so new currency baskets?


Replies

megagpt3today at 4:51 PM

Implications are on the treasury side. Without treasury buyers the US dollar collapses or hyperinflates or the US government is bankrupt or some other widespread system failure, in any case the entire US economy falls apart without treasury buyers. But these things move slowly.