Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.
Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.
