Lop Gold Blog [ Fast ]

They are preparing for a Weimar/Turkey scenario where the government says, "Old dollars are worthless; trade them in for New Dollars at 10,000:1."

To the uninitiated, "LOP" sounds like a haircut. To the initiated, it is a nightmare. And when you combine “LOP” with “Gold Blog,” you aren’t just reading about economics. You are reading about the collective trauma of a nation’s currency redomination and the paranoid, often brilliant, logic of holding physical metal. lop gold blog

Is a full currency redomination (LOP) likely in the West? No. Central banks prefer slow inflation (the invisible tax). Is it possible in emerging markets with a history of hyperinflation? Yes. It has happened before. They are preparing for a Weimar/Turkey scenario where

Now, here is the gold connection: People buy 1-tael and 10-tael gold bars (SJC bars) as a store of value. You are reading about the collective trauma of

It forces you to ask: If my government reset the value of my bank account to zero tomorrow, do I have a backup that weighs the same as it did yesterday?

In 2003, Vietnam removed four zeros from its currency. Old notes (10,000 VND) became new notes (1 VND). The government simply "lopped off the zeros."