Zoltan's Gold-mageddon Deconstructed

How it Could Happen. The mechanism of Gold's Full remonetization

Housekeeping: We have several pieces to put out the next few days and so are posting this whole thing, (intended as a 3 parter) all at once.

Overview

[B]anks have been managing their paper gold books with one assumption, which is that [Nation] states would ensure gold wouldn’t come back as a settlement medium. -Zoltan Pozsar

The above statement is argua…