Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.
Keep in mind that this may happen in such a way that you will still be screwed if you own gold. For example, let’s suppose that the VPPs propose a new gold-based monetary system. The gold units are hologram-marked bullion, impossible to counterfeit. The price of this new special gold currency is about $5000/oz. Paper money is issued and is redeemable in this special bullion. Those holding regular gold can not legally use it as a medium of exchange without first having it turned into the special hologram-marked form. The price to do this will be quite expensive, naturally, since the gold will have to be melted, assayed, molded, and marked with the hologram. The price of this process could be thousands per ounce or whatever the VPPs determine it should be, since they alone will control the machinery necessary to do this.
The beauty of this system is that as fiat money collapses due to manipulation by the VPPs, they can introduce a new gold-backed currency which will forever prevent such catastrophes from occurring again. Of course the secret is that only “special” gold backs the currency, and guess what only the VPPs will have it. If you own regular gold you can of course pay to have it converted, but at that point it can be inventoried, tracked and taxed of course. In practice this will be very similar to the gold confiscation that occurred under FDR. People were paid only a very low value for their gold which was then transferred to the government, which then sold it at much higher prices to pay off foreign debt.
Baaaaaaaah. Say it with me people. Baaaaaah. Feels good, doesn’t it? And being fleeced isn’t so bad, you feel all frisky when that extra wool is gone off your back.