If evryone would be a billionaire the forces would be balanced out and we would all be equally wealthy. That'd be great but i am rather expecting war if something like this happens. Countries like USA and Russia but also very rich individuals(with their own armies) are gonna fight hard for that gold because the winner will be the new World Leader or at least the wealthiest Person (or State) on the planet
No-one would be a billionaire. that's the point. Gold becoming ubiquitous would lead to the instant 'deflation' of the value of the material. Governments would go bankrupt as their gold reserves would be worth nothing. The US, the European Union (because of Germany, Italy and France), Russia, China and Japan would go bankrupt almost immediately.
On the bright side, we'd have cheaper electronics as gold would become much more common.
India would emerge virtually unscathed.
Sorry i started my post wrong, should mean "if evryone would have a lot of Gold". Of course the worth of Gold is determined by its rareness, if evryone has a lot of it, it's worth less ;) But if we all had the same amount of Gold, we'd all be equally wealthy and we could use that as a new currency or smt :) It would definitely take away power of the ones in power right now so wouldn't be too bad, they're destroying the environment and holding back alternative energies anyway :) On the other side the biggest tools of power are still untouched: Oil and Money
On the bright side, we'd have cheaper electronics as gold would become much more common.
India would emerge virtually unscathed.