This is great news for those holding gold reserves. If all the illicit transfers of funds have to shift to gold then people will have to buy gold in order to do that, thereby increasing demand and also price.<p>Unfortunately, a rapidly rising gold price would cause more investors to put their money in gold rather than other investments, like venture capital, so in the long run, the net effect of getting rid of large currency bills would be to hurt the economy itself. This is why FREEDOM is always the best policy. When governments try to "engineer" a specific outcome they always screw it up, because they grossly miscalculate the knock-on second order effects of their policies.<p>Governments will always screw up monetary policy of every kind. For example, the only thing that should set interest rates is the market. The federal reserve has conjured so much money into existence by artificially keeping interest rates low, that we now sit on a $20T of debt in his country. It's inter-generational theft plain and simple. We are spending money that doesn't belong to us. It belongs to the next generation of americans, and you are complicit in the theft if you voted democrat. Thank god you dems lost the election you blithering ass hats.