[bert]

.....Therefore, in order to “monetize” or “express” the wealth held in, for example, Euros, the value of gold as expressed in Euros would have increase by a factor of 10x or 20x!.....

You have it right and something like that will happen. The multiples are huge. The key to the thinking is not to value gold in existing currencies, but to value currencies in a fixed amount of gold.

When gold becomes the standard, there is no way to calculate the ratios. The value will be determined when the dust settles

[theBuckwheat]

Yes exactly! I am only suggesting that when the dust settles, that gold will have jumped by that much, at least! It is stunning when you do exactly as you have suggested: to view gold as the real “money” and view today’s fiat money in terms of the real thing.