The U.S. debt amounts to $37.5 trillion, equivalent to 265 trillion RMB. One ton of gold, at the current price of 1000 RMB per gram, is 10 billion RMB. It would require 26,500 tons of gold to pay it off, while the U.S. has only over 8,000 tons of gold reserves. The price of gold would need to rise to over 3,000 RMB per gram to settle the debt. The question arises: if the price of gold rises to over 3,000 RMB per gram, it would mean that the currency has depreciated by 700% since 2020, and your 10,000 RMB would only have the purchasing power of 1,400 RMB. Furthermore, prices would also rise to match gold. What happens next is obvious. The increase in gold prices is essentially the U.S. solving its own debt problem and a grand scheme of the U.S. harvesting from the world. If the current situation continues, gold is expected to reach around 1,100 RMB, then halve, dropping to 700 and then around 500, returning to the three to four hundred range. A halving of gold prices would require a real war to achieve, so the U.S. is waiting to launch a large-scale war.
A method to deal with the debt issue:
I owe you 1 million now and cannot pay it back, but I have the pricing power of gold, so I inflate the price of gold to 1 million RMB per gram. Your 1 million is equivalent to 1 gram of gold, and at this point, I give you 1 gram of gold, and we settle our accounts.
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