Thread by @l4m4re

@VOLG_DE_DATA @wmiddelkoop 1) This is a very hard question to answer. US #gold has not been audited since the 1950's and there are rumours that much of the gold in Fort Knox has been replaced by fakes. Rob Kirby claims to "know folks who have copies of the original shipping docs".

marketoracle.co.uk/Article14996.h…

@VOLG_DE_DATA @wmiddelkoop 2) Hence the question to Q, with his interesting replay that the #US has the #gold and that it shall destroy the #FED.

What we know is that currently the #FED is printing dollars #Weimar style, which can be expected to result in #hyperinflation.

@VOLG_DE_DATA @wmiddelkoop 3) Alan Greenspan warned about this a while ago and talked about returning to the #gold standard. Remarkably, he mentioned the time before 1913, when the #FED was established:

marketslant.com/articles/green…

@VOLG_DE_DATA @wmiddelkoop 4) As a sidenote, I'll always remember the article "Inflation, Hyperinflation and Real Estate (or, The Lessons of The Great Hernán P.)" by Gonzalo Lira, who describes what happens to real estate during #hyperinflation:

prices collapse.

infiniteunknown.net/2011/07/12/inf…

@VOLG_DE_DATA @wmiddelkoop 5) After #hyperinflation, the value of the paper currency is pretty much equal to zero. In the aftermath, #gold can be used to restore confidence, as was done in Germany.

forbes.com/2011/06/09/ger…

@VOLG_DE_DATA @wmiddelkoop 6) So, it seems to me now that #hyperinflation (== #QE to infinity) will destroy the #dollar and thus the #FED.

#Gold will come into the picture in the aftermath, provided it's actually there.

@VOLG_DE_DATA @wmiddelkoop 7) However, other scenario's are also possible.

Because of an obscure law, the #Treasury has the right to mint #platinum coins and word has it that it already minted two #trillion #dollar coins.

What if it printed more and pay of the #debt?

forbes.com/sites/kotlikof…

@VOLG_DE_DATA @wmiddelkoop 8) To sum this up: quite a lot can happen, much of which depends on whether or not the #gold is actually there and how @realDonaldTrump plays his cards.

Only time can tell what will actually happen.

Whatever may be the case, do remember to keep an eye on #realestate.

@VOLG_DE_DATA @wmiddelkoop @realDonaldTrump @threadreaderapp unroll