Now, here is the gold connection: People buy 1-tael and 10-tael gold bars (SJC bars) as a store of value.
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? 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. Now, here is the gold connection: People buy
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." Old notes (10
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."
If you have spent more than a few hours in the deep end of the gold bug community—specifically forums like GoldRefiners, Vietnam Gold Trading groups, or certain sections of Reddit’s r/Gold—you have likely stumbled across the cryptic acronym: LOP .