When it is time, will anybody notice.
The value of a fiat currency is the efforts or risks put into acquiring it today, yesterdays earnings are just dragged along like ball 1 score while playing ball 2. I am contractually obligated to pay my loans in dollars, that is never going to change. Never would enter into a contract that would require gold, except for a ring on my finger and miligrams for ICs, gold is like the stuff in my smoke detector, a oddity.
Paper dollars are for spending, Gold is for storing Wealth…as we are witnessing.
Cash money is a stupid investment.
Shiny metal is a stupid investment.
Real Estate is usually a stupid investment (it is good work, if you like the work).
Bonds are a stupid investment (on a good day, they merely keep up with inflation).
The *only* large liquid investment that has a very good chance of beating inflation over a long period of time is stocks. They are volatile. With risk comes return.
People dance around this issue with all sorts of misconceptions and polemics. But the only thing that really grows is people who go to work every day to make you money, by the millions, in a competitive environment. Which is literally the strength of America. That’s why no other country or economy ever comes close to matching us.