How would a PP perform if the US was "cancelled"?

[jalanlong]

Watching the world cancel Russia and remove them from all financial markets brings up a question. I do not have physical gold; I have it in ETF form. If the world ever decided to cancel the US and cut us off for some transgression (or for electing Trump again) , how would a PP hold up if it is all in ETF form? Obviously your home stocks will tank as Russia's have. When the markets re-open, what happens to your gold, treasury and foreign stock holdings since they are all traded on your home exchange that is in such turmoil?

[Smith1776]

Good question. Following.

[dualstow]

Two very good questions, as ‘how would a gold etf perform’ is quite different from ‘how would a pp perform.’ You can’t cancel physical gold.

[seajay]

COMEX might fail, 100x paper gold to physical gold and a 'physical gold-rush' might see the value of physical gold rise at least four-fold in real terms.

A difficulty would be in timing when/how-much physical gold to sell

[Kevin K.]

This article's three years old but does put things in perspective:

https://www.forbes.com/sites/greatspecu ... c33c4370b9

Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.

[glennds]

This article's three years old but does put things in perspective:

https://www.forbes.com/sites/greatspecu ... c33c4370b9

Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.

And consider California's economy is almost double Texas'. I think it's safe to say the world can't afford to "cancel" the US.

[vnatale]

This article's three years old but does put things in perspective:

https://www.forbes.com/sites/greatspecu ... c33c4370b9

Texas alone has a bigger economy than Russia - and Russia has nothing without petroleum exports.

2 things.

1) John McCain used to jokingly refer to Russia as a gas station masquerading as a country?

2) Ukraine is about the size of Texas?