3 ms·
It would take long enough to effectuate such a switch in all products across the world that you could extract enormous sums of money in the meantime - far more
by downandout 10y ago
It would take long enough to effectuate such a switch in all products across the world that you could extract enormous sums of money in the meantime - far more than your $7 trillion. At the very least, industrial gold usage has not decreased in the face of the historically highest market price of gold. You could start at that price, and increase it until you reach the optimal price.
- nikdaheratik 10y agoAnd then what would you do with your gains? You already have all the gold in the world, so what would you buy after that if you want to increase your return on investment?