Interesting perspective. And I think it has some validity. But manipulation by central banks is still another significant factor.
Fact is, when the fiat currencies hit the (real) skids, *anything* tangible in commodities will become much more valuable.
If you had a garage full of 22LR and 5.56, you’d have a very barter-able commodity. Assuming you were dumb or desperate enough to trade them.
The real question folks ought to be asking themselves is, is it going to be a severe worldwide depression, or Mad Max scenario? None of the TV pundits are saying it out loud because it WILL be one or the other. And they are either stupid and/or frightened. Don’t talk about it and it will go away on its own.
“The real question folks ought to be asking themselves is, is it going to be a severe worldwide depression, or Mad Max scenario?”
Neither.... people have been preaching crash and burn for some time, and you see no indication that it’s going to happen. What is the next bubble? Government debt or Student loans, neither of which I think will cause a meltdown - just alot of pain.
The people who made money off gold did it. If you look at history gold does the same thing stocks, bonds and commodities do - it goes up and it goes down in value. Inflation adjusted, gold was more expensive in 1980 than it is now.