Dollar collapse:
The BRICS countries begin to implement their plans to shift away from the dollar in international trade, leading to a sharp decline in the value of the US dollar.
Financial markets enter a state of turmoil as investors become increasingly concerned about the future of the dollar as a global reserve currency.
- Sharp rise in gold prices:
As the dollar collapses, investors are shifting significantly towards gold as a safe haven. This shift significantly increases the demand for gold, leading to higher prices.
In this scenario, gold prices could reach new record levels, perhaps exceeding $3,000 per ounce or more, depending on the speed and size of the shift away from the dollar.
- Hyperinflation in the United States:
As the value of the dollar declines, the cost of imports rises significantly, leading to hyperinflation in the United States.
This inflation boosts the value of real assets such as gold, as individuals and companies turn to gold to protect their wealth from the erosion of purchasing power.
- Impact on wealth:
In this scenario, a person who owns 4 kilograms of gold could become very wealthy. For example, if gold prices reach $5,000 per ounce (which is about $160,000 per kilogram), the value of 4 kilograms of gold would be $640,000.
Prediction:
Short-term (coming months): If these moves towards abandoning the dollar continue to increase, we could see gold prices rise rapidly. Prices could reach $3,000 to $3,500 per ounce in a short period.
Long-term (next few years): If these trends increase, and more countries start abandoning the dollar, we could see gold prices reach unprecedented levels of $4,000 to $5,000 per ounce or more.
Conclusion:
This scenario depends on a range of complex economic and geopolitical factors. If the dollar collapse does occur, the value of gold could rise significantly, putting individuals who own large amounts of gold in a very strong financial position. However, political and economic developments should be closely monitored as expectations may change based on developments.