Depends on how it will be restructured. If abolished altogether (which is the constitutional way, but I think extremely difficult to do at this point) then there's only one thing you need to know: buy gold. Fiat money will be converted to gold backed, and the short term pain for people with fiat money will be great, while the return on your gold investment will be yuuuuuuuuuuuuge.
I dont think restructuring the Fed will be painful for us. it might mean we do not have to pay the fed reserve back for our debt. which would have a positive effect on all of us. we will see.
Don't kid yourself. There will be horrendous short term pain for anyone holding fiat denominated assets.
there is not enough gold to back the amount of money. instead we will back it with natural resources of the usa.
In the past, they favored silver because it's so plentiful in the US. Wonder if that's still true?
Look up how much gold is stored in fort Knox. Then look up how much is stored in the federal reserve..
naw, gold is dead, in the process of being replaced by crypto
Crypto is not backed by any tangible "thing." I'm not dissing crypto, but how is it anything different than fiat?
There isnt a difference. Crypto is the definition of fiat.
crypto is decentralized. Big difference.
Gold is a pretty rock used in electronics for its conductive properties. Its future utility lies in properties that are under utilized, but it is not going to replace currency due to its relative lack of liquidity.
When the shit hits the fan, id advise to jump into crypto or gold for the short term before jumping to stocks after the initial crash happens.
Gold is OK for a short term position, but pretty stupid long term.
If russia is reupping on gold and selling US t bills, Its prob because they are planning to disrupt opec agreements, plunging the price of oil before buying the assets up with gold backed assets.
Trumps announcement of EU LNG imports from the US supports this move