If you have spent more than a few hours in the deep end of the gold bug community—specifically forums like GoldRefiners, Vietnam Gold Trading groups, or certain sections of Reddit’s r/Gold—you have likely stumbled across the cryptic acronym: LOP .
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.
The value of the "LOP Gold Blog" genre isn't in its predictions—most of which are hysterical and date-stamped 2010, 2015, 2020 (all wrong). The value is in the . lop gold blog
In 2003, Vietnam removed four zeros from its currency. Old notes (10,000 VND) became new notes (1 VND). The government simply "lopped off the zeros."
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 . If you have spent more than a few
In Vietnam, the government doesn't just regulate gold; it brands it. SJC bars are the only "legal" gold bars for hoarding. Private minted bars (like PAMP or Credit Suisse) are viewed with suspicion.
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. Central banks prefer slow inflation (the invisible tax)
Now, here is the gold connection: People buy 1-tael and 10-tael gold bars (SJC bars) as a store of value.