This is retarded. The two big holes in this hopeful scenario is:
You can't redeem for gold
Gold pushed down will push doen the ruble, causing a run on oil when Chindia buys oil from Russia.
Gold will be slammed immensely, for the very last time, since the dollar is catapulting and EM currencies are blowing up (Yen, Sri Lankan)
Yen has to devalue against dollar, or it'll blow up the Nikkei - forcing a competitive devalue for the Yuan exporting deflation to the world, blowing the dollar up even higher before it all implodes.
This is retarded. The two big holes in this hopeful scenario is:
Gold will be slammed immensely, for the very last time, since the dollar is catapulting and EM currencies are blowing up (Yen, Sri Lankan)
Yen has to devalue against dollar, or it'll blow up the Nikkei - forcing a competitive devalue for the Yuan exporting deflation to the world, blowing the dollar up even higher before it all implodes.
Dollar will be the last currency standing.