Hi sketch et.al.
Some time ago I posted that goold could trade as high as $500,000.00/troy oz.
Here is the basis of my calc.
Assume 8500 tons (U.S. short ton)
29166.67 troy ounces /short ton
$500,000.00/ounce *29166.67 ounces*8500tons =123.9583475 trillion u.s.$
Assume u.s. $ only worth 10% of todays value = 1239.583475 trillion u.s.$
This calc. assumes that the market will need to see goold equal to two times the value u.s.$'s in circulation in order to have confidence, after the debacle we are going through.
Good Luck to all!