“If all other countries go to gold to back their economic activity (i.e., use denominator of 5B * 28%), price could reach ~$5,000 per ounce.”
Huh?
Well, at least that (ex) wedding ring I never got around to hurling with rage into the sea will have some value…I can use it to buy a wheel-barrow to take my greenbacks to the 7-11.
