Allan is correct, in principle. Though, I think, technically off a bit. Gold is like fiat, in a sense, a perception game. Though, it is subject to the rules of physics, which I like, unlike fiat. Still, It takes a bunch of people to agree that it is worth something beyond it’s utility. Gold has utility, unlike fiat, but not much by commodity standards.
Fiat is backed by debt and the ability to pay it back. As the ability to pay it back goes down so does it’s value.
Fiat is GUARANTEED to go down in value. At this juncture, I think, a sudden dramatic drop is in the cards.
A sudden drop in fiat could cause a perception/psychological shift.
