Here is my (another) theory on what is happening and why one could argue that $350 could be the new gold price.

There will be a bank Holiday where all the green dollars will be exchanged for the new blue or red ones IMO.

This new currency will be based on a Gold Reserve System and commodities basket. It's going to be introduced to replace the green Dollar.

Here is an example of how it would work:

(from Wlki)

Note the equivalent value number.

Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $376.58 today).

violation of the order was punishable by fine up to $10,000 (equivalent to $182,185 today) or up to ten years in prison, or both.

I hope we get some award satisfaction soon.