It depends on how you define the existing money supply. If you look at broad money it does not seem that ridiculous. For example, gold is currently worth $11.5

It depends on how you define the existing money supply. If you look at broad money it does not seem that ridiculous. For example, gold is currently worth $11.5 trillion [1]. That is almost twice as much as the M0 money supply you are referring to. [1] https://companiesmarketcap.com/assets-by-market-cap/ https://companiesmarketcap.com/assets-by-market-cap/