To the uninitiated, "LOP" sounds like a haircut. To the initiated, it is a nightmare. And when you combine “LOP” with “Gold Blog,” you aren’t just reading about economics. You are reading about the collective trauma of a nation’s currency redomination and the paranoid, often brilliant, logic of holding physical metal.
Vietnamese bloggers frequently warn that the State Bank of Vietnam could "LOP" the SJC brand—forcing everyone to exchange their SJC bars for a new brand at a 50% loss. This actually almost happened in 2012-2014 when the SBV tried to monopolize gold production. lop gold blog
They are preparing for a Weimar/Turkey scenario where the government says, "Old dollars are worthless; trade them in for New Dollars at 10,000:1." To the uninitiated, "LOP" sounds like a haircut
This post is a deep dive into what "LOP Gold Blog" culture actually represents, why the term haunts stackers, and whether you should be losing sleep over it. First, let’s kill the jargon. LOP stands for "Loss of Premium" or, more viscerally, "Law on Payment." But the historical definition comes from the Vietnamese Dong (VND) redomination of 2003 . You are reading about the collective trauma of
It forces you to ask: If my government reset the value of my bank account to zero tomorrow, do I have a backup that weighs the same as it did yesterday?
Is a full currency redomination (LOP) likely in the West? No. Central banks prefer slow inflation (the invisible tax). Is it possible in emerging markets with a history of hyperinflation? Yes. It has happened before.