It will be interesting to see what other people think about my gold/silver/bitcoin allocation tables.
I've always thought the FOA idea of revaluing gold at $55,000 was kind of absurd since India and the Arabs have so much of it. The west would just be transferring power to 3rd world nations.
If official figures are to be believed, then the US is actually in good shape with regards to your scenario.
I've been collating figures over the last several years:
All monetary gold: 33000 tonnes
Us has actually 8133 tonnes
ECB 10788
Russia 1500*
China admits to 1823 tonnes (probably around 4000 total)
UK 310 tons left
IMF 2800 tonnes
Figures are pretty sloppy, but from rough order of magnitude, the current monetary powers seem to roughly match gold holdings.
Of course, nobody has seen inside Fort Knox for decades...
The Indian government has only 600 tons, but the Indian public has....over 20,000 tons. Canada has basically zero gold, and their citizens also probably have little. So the FOA argument of revaluing gold to some astronomical number would definitely be transferring HUGE power from the 1st world to the 3rd world in a lot of ways. This is why I don't really see a gold hegemony as benefiting anyone that would actually be pulling the trigger on making it happen.
If that actually happened, the R-selection giant mass of people in India would then all be rich and go from 1 billion to 4 billion people while the US and other nations have to export all their resources to them. Nobody at round table groups like the CFR wants to see a scenario like that of mass overpopulation and making India king of the world. A lot of people claim that since CBs hoard gold, that they will force gold hegemony in a monetary reset/recapitalization, but it just doesn't make sense in practice.
If they went for a bimetallism approach, nobody actually owns large amounts of silver, and they could just acquire it for cheap to dilute the power of places like India's gold holdings if they were forced to use metals for recapitalization. It appears both JP Morgan (possibly acting as an agent of the govt) + China are currently acquiring huge amounts of silver as I talked about here:
https://steemit.com/money/@r0achtheunsavory/if-there-s-any-plausible-conspiracy-involving-silver-and-bitcoin-this-is-itIt's also possible Bitcoin was released to accomplish this goal due to the problems of them recapitalizing using metals. The point is, to avoid a new dark ages, they will have to do some type of recapitalization event in a monetary reset that extinguishes debt, and the only real choices at play involve gold, silver, or bitcoin being used in some manner. Bitcoin doesn't seem quite uh, realistic to have the entire world monetary system run on it, but it's definitely one of those backup to a backup plan options. Metals seem like a much more realistic option, but they would either have to take all of India and random Arab nation's gold or go the bimetallism option I spoke of.