Dont be so quick to write-off the US$. It’s been hammered for 4 years. It’s a little payback time. If history has anything to do with it, the US$ should stay as a superior currency for a year or two. Cash in a crash.
There’s about $50T or more in debt insturments out there that are being destroyed verses the $2T being created. Kinda like trying to kick start a 747. We got deflation now. There’s never been inflation during a housing down cycle like this. Banks are not lending, people are not borrowing. And debt is being destroyed. Velocity of money is crawling.
How anyone gets inflation outta this is beyond me.
And gold could be topping right now. It costs about $500 and ounce to get it. At $900, that’s a pretty good premium. If it goes over $1000, it’s in bubble territory. It’s really good as an accurate indictor of the currencies purchasing power. So it’s got that going for it. But if it’s measured in US$, it could be stagnating for a while. IMO