All this talk about a $1 trillion platinum coin...

"The result is a coin made of $60 billion of pure platinum that weighs about 500,000 pounds, and, if it had the same proportions as a quarter, would be 10.5 yards in diameter and a little over two feet tall. Not exactly pocket change." Source: https://qz.com/41604/how-big-would-a-1-trillion-platinum-coin-be

The article is from January but the price of platinum is roughly the same. They would need to mint some 16.7 coins at 500,000 pounds each to reach $1 trillion in value.

What's the point of minting a "coin"? Any chance of anchoring the USD to a hard asset won't work. Even a fractional reserve would erode over time as the government continually runs deficits.

Paper platinum won't work in the 21st century.

This is all just lip service that will lead to nowhere.

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