well, ina sense, wasn’t the prior fixation on ever-ascending real estate values a kind of “gold igloo”.
gold could easily be a million dollars per ounce. a tract home will cost 50 million bucks. however, your income wont go up much.
im not really articulating my point. bullion is easily mocked as “worthless”; no more than bricks for building a house. the same can be said of “paper money” being of no more use than wallpaper or, worse, toilet paper.
assets are just whatever we agree has value.
it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.
the us dollar may be the wrong asset class for a while.
