>>60939118
>I think the west will also be forced to issue a gold-backed currency in order to trade internationally.
No modern government will voluntarily go back to a hard money standard. Hard money prevents deficit financing, stops politicians from buying votes, and makes large scale warfare unaffordable.

If we go back to hard money, it's because the corrupt generations of politicians have all been lynched or jailed, and governments had literally no alternative but to go back to metal because everyone refuses paper credit.

Gold WILL be the world reserve asset, and will be the basis for net settlement of trade deficits at some point going forward, but I believe that local fiat currencies will keep a floating gold price until they devalue down to nothing.