I disagree. Who will exactly push the price that high if all banks fail, there will be no market. I dont think people realize this, but banks are not only traders but they are the market makers as well, if there is no market, the price is frozen. I'd rather go with bitcoin where I know exchanges will be online regardless of banks.
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if infact we do see inflation from the money printers these are the fiat prices it must go to eventually. watch the hidden secrets of money by mike maloney and find out. thanks for watching