True-—but once again as a medium of exchange, not as an investment. They don’t have investment value because to gain the value, you have to sell: they don’t produce dividends.
Sure as an investment. You buy it now when the value of dollars are relatively high, and when Mel Gibson comes riding through town chasing a band of bikers with mohawks, you exchange it for a much higher value than some Federal Reserve Notes.
All this mega billions of bailouts are going to accomplish is the severe devaluation of dollars. By buying hard assets, you’re in effect shorting the Fed’s monopoly money.