this makes sense to me; if governments begin failing (possible precursor to full scale collapse) then gold will regain its lustre, at least for the 'old money' / un-crypto-infected generation duri g such a transition.
Default expands the jurisdiction of a
plutocrat (e.g., one that has lent substantial quantities of capital to a national or regional government) for it may, then, collect capital more-than-less directly from the inhabitants of an entire nation or region.