Governments love Gold-backed stablecoins (tokenized Gold)
They are not “the solution”; they’re a bridge: from pure fiat → programmable fiat (CBDCs) with gold theater to keep the crowd calm and inside the walls.
We are about the see the normalization and rise of gold-backed stablecoins.
The Controllers have adapted since they had to issue Executive Order 6102.
Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933, prohibited the “hoarding” of gold coins, bullion, and certificates in the U.S. to combat the Great Depression (the great rug-pull of liquidity), requiring citizens to exchange their gold for paper currency at a fixed price.
Citizens were forced to exchange their gold for paper at ~$20.67 per ounce and after they did, the government revalued gold to ~$35 per ounce, effectively scamming the obedient plebs.
This was of course leaky as not everyone handed their gold and trying to enforce this law would be very bloody and deplete legitimacy.
Moral of the story: robbing people by changing a database entry is simpler.
1. What problem are the Controllers solving?
The debt machine is a refinancing conveyor belt that keeps getting bigger.
We’re in a low Gross Consent Product regime: scarce consent, frequent crises, fast patches.
Controllers’ true objective is something like:
minimize (cost_of_control + career_risk + embarrassment + legal_exposure)
− λ · legitimacy_depletion_rate
subject to: sovereign funding works, collateral chains hold, banks/MMFs function, housing/pensions/indices don’t implode, regime risk < critical.
Now layer in:
Rising distrust in fiat,
Visible repeated “emergency” interventions,
Pressure toward a more multipolar reserve system (theater),
BTC sitting out there as an “uncontrolled” opt-out rail.
In that world, gold-backed stablecoins solve a bunch of simultaneous headaches:
Patch fiat legitimacy without giving up control.
Neutral-ish cross-border settlement unit that isn’t obviously “America’s IOU”.
Contain BTC and physical bullion by sucking “sound money” people back into custodial, programmable rails.
Provide a flexible tool for Debt/Liquidity reset that looks like “return to sound money” rather than default.
Everything else is packaging.
2. Why gold, why tokenized, why now?
Why gold?
Because gold is:
Legible across blocs – Washington, Moscow, Beijing, Berlin, Riyadh, Delhi all understand it.
Politically saleable – gold is “old religion” for sound-money types, Emerging Market elites, and boomers.
Already the reserve-of-last-resort behind the curtain.
They need an anchor narrative for the new system that appeals to people who no longer buy the fiat story, but they do not want those people jumping to self-custody BTC/Monero or physical bars outside the system.
So you tell them:
“Don’t worry, the new rail is backed by gold. You don’t need to keep coins under the floorboards or a seed phrase in your head.”
Why tokenized / stablecoin form?
Because the Controllers want:
Programmability – conditions, time locks, whitelists, blacklists, negative yield, fees.
Traceability – every transfer leaves a forensics trail.
Gatekeeping – KYC/AML, sanctions, tax enforcement at the wallet and interface layer.
Real-time control – speed limits, circuit breakers, geofencing, emergency freezes.
Physical gold does none of this. A gold-backed stablecoin does all of it while borrowing gold’s legitimacy.
Why now?
Because:
The next round of crises will require visible system change, not just another acronym facility,
The BTC/Monero genie is out of the bottle,
Multipolar theater (BRICS+, Gulf, etc.) is forcing visible alternatives to “USD + Treasuries” as the only top-tier reserve combination.
They need new rails before the next big accident, not after.
3. Speculative reasons
3.1. A controlled “sound money” valve to protect fiat
Use-case:
People are losing trust in fiat; inflation episodes + bailouts + QE regimes have eroded belief that “cash is safe”.
Controllers’ problem:
If you refuse to offer any harder anchor, the “sound money” energy goes into BTC/Monero, physical gold off-grid, and political radicalization. That’s bad for Gross Consent Product.
Gold-stablecoin solution:
You offer “sound money inside the cage”:
“Here, own tokenized gold with 1:1 backing.”
UI looks like a bank app; custody sits with big banks/vaults/sovereign entities.
Retail and a chunk of institutions who are nervous about fiat feel heard:
“We understand your inflation concerns. We’ve modernized gold for you.”
What it really does:
Keeps most of the “hard money” cohort inside the surveilled, seizable layer.
You can freeze, haircut, or re-denominate those gold tokens in a crisis.
You drain demand from:
self-custody BTC,
physical coins/bars in private hands.
They’ve basically built:
“An anti-hyperbitcoinization firewall made of shiny programmable gold.”
It’s a Gross Consent Product patch: buy a new tranche of consent cheaply by conceding the symbol (gold) while retaining control (custody + code + law).
3.2. Debt/Liquidity reset tool disguised as “return to soundness”
You’re staring at a massive refinancing wall in multiple sovereigns and corporates.
Running the conveyor belt with pure fiat gets harder:
higher inflation optics,
bond vigilantes,
geopolitical distrust of your paper.
Gold-backed rails give you a way to:
Restructure claims on the system in a new unit without calling it default.
Consolidate scattered claims (bonds, deposits, off-balance sheet promises) into “gold-tokens” with:
controlled convertibility,
tiered seniority,
hidden haircuts.
Example shape (fictional but plausible):
Debt crisis hits → banks/sovereigns wobble.
Official solution:
“We’re moving to a stronger system: your old deposits/bonds convert into GoldCoin units backed by bullion in the common vault of X/Y/Z.”
Conversion is not neutral:
Some liabilities convert at worse terms than others (silent haircut).
Some cohorts get more liquid tokens; others get long-lockup versions.
Narrative:
“We’ve upgraded you from an unstable fiat promise to a gold-backed token.”
Reality:
You used the transition to:
prioritize certain creditors,
socialize/obscure losses,
reset duration and coupon structure,
still keep everything inside programmable rails.
It’s a Debt/Liquidity crisis management toolkit that carries the optics of tightening/discipline (“gold backing!”) while preserving flexibility.
3.3. Multipolar settlement layer without surrendering control
Assume common Controllers span US/Russia/China/etc (aka One World Government). Not one room, but overlapping technocratic and financial networks that converge via BIS/IMF/FSB, G20, BRICS-style venues.
Problem:
The old “USD + Treasuries” reserve architecture:
gives the US bloc obvious leverage,
creates political blowback,
invites dedollarization projects,
increases visible weaponization of liquidity (sanctions, reserve seizures).
Controllers want:
Less visible US-centricity,
but no loss of elite-bloc control over global settlement and collateral.
Gold-backed stablecoins are a neat compromise:
A neutral-coded asset (“backed by metal, not by Washington”),
Running on permissioned ledgers controlled by:
central banks,
large state banks,
multilateral institutions.
Possible structure:
A wholesale gold-stable used by CBs and big banks for cross-border settlement.
Domestic systems run retail CBDCs or fiat e-money.
Cross-border trade/energy deals clear in tokens like “XAUchain”, backed by reserves pooled under some multilateral treaty.
This:
Reduces the appearance of dollar dominance (and One World Government).
Lets Russia/China/others save face (“we’re not settling in USD anymore”), while:
still using a system architected and monitored by the same BIS/IMF/FSB-trained class.
Keeps visibility:
Every transfer between blocs is on an auditable, regulated rail.
Avoids the full step to BTC or truly neutral permissionless rails.
In other words: Eurodollar 2.0 with gold theater and more explicit multi-pole marketing.
3.4. A “BTC containment” and siphon mechanism
Desired Western end-state:
BTC Medium-of-Exchange heavily frictioned (tax, KYC, app-store, travel rule).
BTC Store-of-Value corridored via ETFs/futures/notes (paperization).
Foreign controllers might want BTC as grey collateral / sanction-escape, but not as domestic Medium-of-Exchange.
Gold-stablecoins help on multiple fronts:
Competing Store-of-Value narrative
“Why hold volatile BTC when you can hold tokenized gold, the real thing, in your bank app?”
For institutions that can’t hold BTC on-balance sheet anyway, tokenized gold is an easier story:
no ESG/AML stigma (relatively),
no “illicit finance” narrative baggage,
no FASB/accounting weirdness.
→ BTC’s adoption curve as a macro hedge gets blunted.
Trapping “goldbugs” in KYC rails
People who might have gone for physical bullion or BTC are invited into “safe, regulated, insured” gold tokens.
Those tokens are:
trivially freezeable,
traceable,
targetable in any future “Great Taking”-type restructurings.
Liquidity preference steering
During crises:
Instead of flows from:
risk → cash → BTC/physical,
you aim for:
risk → gold-stable (inside system).
They’ve created a “safe haven of choice” that does not reduce their control over savings.
So one role of gold-backed stablecoins is to be the official, tame hard money competing with BTC self-custody.
3.5. Programmable capital controls with a virtuous story
Controllers like capital controls, but overt ones burn legitimacy, especially in Developed Markets.
Gold-stablecoins allow fine-grained capital controls disguised as “compliance”:
Tokens exist on permissioned ledgers:
Whitelists/blacklists for addresses & jurisdictions.
Limits by user type (retail vs corp vs non-resident).
Different rules for onshore vs offshore tokens.
You can:
Let foreigners hold “gold-tokens” only in non-redeemable form.
Force large redemptions into local fiat at controlled rates.
Distinguish between:
domestic tokens (full rights),
external tokens (limited rights).
If you tried that with physical gold:
People would just smuggle, arbitrate, or flee with it.
With tokenized gold:
Every cross-border move hits KYC, logs, and compliance.
Controllers get programmable FX and capital control while selling it as “gold-based stability”.
3.6. Gross Consent Product patch + narrative convergence between factions
Think in terms of these factions:
Security/IC: wants traceable rails, denial options, emergency switches.
Treasury/CB/BIS: wants credible collateral, manageable inflation optics, smooth funding.
Politicians: want to say “we’ve listened to your concerns about money printing”.
Asset managers: want new products and fee streams.
Law/compliance/insurance: want a clean story that makes their life simpler (“backed by bullion in vaults under X law”).
Gold-backed stablecoins are one of the rare things that satisfy all of them:
IC: programmable, surveillable, sanction-compatible.
CB/Treasury: a new collateral tier to play with (tokenized metal), plus a better story vs “just more QE”.
Politicians: easy slogan: “brought back gold-backed stability in a modern form”.
AMs: new ETFs/ETNs/structured products on top of gold tokens.
Lawyers/insurers: easier than permissionless BTC.
Net: it’s a coalition-friendly rail. In a low Gross Consent Product world, getting all factions to agree on anything is rare. Gold-stablecoins thread that needle.
3.7. Rails for future bail-ins and “Great Taking”
Controllers know that, in a big enough crisis, someone’s claims must be haircut:
Depositors,
Bondholders,
Pensioners,
Foreign reserves,
Some combo.
If most savings sit in:
bank deposits,
registered securities,
and tokenized gold on controlled rails,
then:
Bail-ins and “forced conversion events” are easier.
Example archetype:
Crisis hits; local banking system insolvent.
Resolution plan:
Convert large deposits and some bonds into:
Tier-B gold tokens,
long-lockup CBDC instruments,
etc.
Narrative:
“We’ve protected your wealth in inflation-proof gold claims.”
Reality:
You’ve imposed haircuts and lockups, but because it’s “gold”, people swallow it easier than a raw nominal write-down.
Again, gold is used to sugar-coat a liability restructuring that a pure fiat regime would struggle to sell politically.
4. How this meshes with the “current → stablecoins → CBDCs” path
Many people have already sketched the likely path:
Current – bank deposits + cards + “dumb” e-money.
Stablecoins – USDT/USDC etc. normalize tokenized money & 24/7 rails.
CBDCs – full sovereign programmability.
Gold-backed stablecoins slot in like this:
Stage 1.5 (now): Tokenized commodities as “innocent” experiments
PAXG, XAUT, minor retail bank gold-tokens, BRICS/GCC chatter.
These accustom people to the idea that:
“serious money” can be a token with underlying collateral,
settlement can be near-instant, 24/7, cross-border.
Stage 2.0: Regulatory blessing for “safe” stables
Gold-backed and fully-reserved fiat stablecoins get:
licensing frameworks,
access to banking rails,
preferential treatment vs algorithmic or offshore stables.
“Good coins” vs “bad coins” narrative.
Stage 3.0: CBDCs as default Medium-of-Exchange, gold-tokens as premium Store-of-Value
Retail everyday use → CBDC/wallets tied to ID.
For savings / cross-border:
“We offer gold-backed tokens and other safe assets inside your CBDC wallet.”
End state:
Day-to-day programmable fiat for MoE (CBDC),
Tokenized gold (and maybe other commodities) as official, permitted store-of-value,
Both living on identity-bound, surveilled rails.
BTC and physical bullion become:
legally/operationally painful,
narrative-framed as “grey or criminal”,
economically “second-class” compared to easy options inside the system.
5. What’s actually being normalized?
Not “gold standard 2.0”.
What’s being normalized is:
The idea that your “store of value” is a revocable database entry, not an object you hold.
The idea that commodity-backed money can be as programmable as CBDC.
The idea that “soundness” comes from what they say sits in a vault (or on an allegedly audited balance sheet), not from your own custody and verification.
It’s not a retreat from technocracy; it’s technocracy borrowing the skin of gold.
6. TL;DR
If I condense all of this:
Controller lens: low Gross Consent Product, Debt/Liquidity stretched, BTC & multipolarity theater emerging.
Gold-stablecoins are:
A consent patch for inflation/distrust (“modern gold standard” narrative),
A Debt/Liquidity reset instrument to restructure claims under the cover of “hard money”,
A multipolar settlement rail that looks neutral but stays technocratically controlled,
A BTC/physical-gold containment siphon that keeps “hard money” users in KYC rails,
A programmable capital control tool with a virtuous story,
A coalition product all major factions can live with,
A pre-installed stage prop for future bail-ins and Great-Taking scenarios.
They are not “the solution”; they’re a bridge:
from pure fiat → programmable fiat (CBDCs)
with gold theater to keep the crowd calm and inside the walls.
I’ve covered the only truly “hard” assets one can own in this article (e.g. BTC, Monero, physical gold, etc.).
Everything else is theater.
“That men do not learn very much from the lessons of history is the most important of all the lessons of history.“
Aldous Huxley