The year 2016 has been purported to be when the great reset of major currencies is to take place following the anticipated collapse of the US Dollar. In order for the reset to take place as necessitated by a hyperinflationary depression, there would have to be a general consensus as to the residual value of each of the world's major currencies as defined by the quantity of above-ground gold and silver. Additionally, non-paper gold is supposedly to be going to a massive $50,000 per ounce as a direct result of physical gold's emancipation from paper gold.
The world's major currencies were linked to the US Dollar following the 1971 closure of the gold window by President Nixon. The collapse of the US Dollar would foretell the loss in value of the linked currencies due to any remaining faith and confidence being lost in the US Dollar. Such a collapse can be brought on, for instance, by Saudi Arabia switching out of the petrodollar (petroleum trading in US Dollars) and into a variety of other currencies hitherto unknown as the world's reserve currency (currently the US Dollar).
Resetting the value of the US Dollar would entail determining the amount of US Dollars in world circulation at the time of the reset and dividing it into the amount of above-ground gold in order to set the new price of physical gold. A similar exercise can be undertaken with physical silver, thus giving rise to the reset price of silver. Therefore the importance of holding physical gold and silver outside of the banking system in order to protect the value of one's liquid assets cannot be overemphasized.