if concho’s scenario comes true, goldminers will go through the roof.
Why? The currency is backed only by “special” gold. Use of “regular” gold as currency will be illegal as it is now. Demand for gold will probably be the same or less as today, unless some new industrial use is found for it. The VPPs probably already have all the gold they need for this plan stashed away somewhere. They might need a little more so that would be good for miners, but once the system is in place they really don’t need any more.
Also note that the price per ounce should be high enough that very few people will ever actually hold a hologrammed bullion coin in their hand. They will instead just use paper money as they do today. If the price/OZ was around $5000, probably 90% of the world’s population would never even be able to own a single coin. This will allow the VPPs to engage in the good old fashioned game of “pretending” that the currency is actually backed by gold since they know that few will ever actually exchange the paper for gold.
After you’ve been fleeced as many times as I have you start thinking like these sick bastards…