2. Even if the debtor country goes bankrupt, the country can't be liquidated like an enterprise, so in the worst case, the debtor country will use government assets to pay its debts, including gold reserves (how can no one want it? Pseudo problem), may also include mineral resources, etc. And creditors may also give up part of their claims or even provide new loans to debtors, so that their governments can continue to operate normally. Avoid social unrest, leading to the loss of all creditor's rights-see the practice of the European Union and the European Central Bank to Greece. These practices are similar to the bankruptcy reorganization of enterprises, rather than bankruptcy liquidation.
3. What kind of payment methods are accepted for international transactions and payments, and why should they be stipulated? For a long time, the Soviet Union has accepted grain as a means of payment in the west, and Swiss banks have always accepted foreign debtors as a means of payment. As long as everyone agrees with the stable intrinsic value of gold, it will naturally become an international reserve, and it is meaningless to stipulate yes or no-this is different from SDR, a man-made international currency. Jamaica Agreement only agreed to abolish the official price of gold, restore the free market price, and no longer force gold to settle international claims and debts, but it did not prohibit it.
If the total amount of gold does not increase, its unit price will increase, and this increase caused by supply interruption will not have much impact on the US dollar. Of course, if its unit price rises to an unbearable level for ordinary investors-such as the scarcity of diamonds, people will have to seek other safe havens, which may boost the demand for a strong dollar.
This question is like asking, if I have unlimited money, can I short any commodity to zero? The answer is, of course. But the premise is illusory. No one can keep shorting gold, because as its price falls, many forces will become stronger rapidly, and even the original bears will turn to long positions, and there will be more powerful funds willing to provide leverage-forcing more, which is really a force to die. Always remember that people are profit-seeking and decision-making is decentralized.