“People are running, in a panic, to gold for a safe haven.”
Yes, and it is on paper.
On another forum, I see a DU type kid bragging that
he is sitting on sacks of gold.
Well, what does one do with sacks of gold?
After the current dust settles, what will it be worth?
Nothing. But right now it is both a speculative investment in the absence of anything else and a hedge against inflation in a balanced portfolio. I buy actual gold with fun money but also as a long term collector (of coins). In my stock investments I do short term speculation on mining shares and hold a few more for the medium term. There's no reason that gold should be worth anything except for the central bankers and their "quantitative easing". Once that dust settles (might take five years) gold will languish again.