Agreed - us (me included, painfully so) gold bugs are wrong because the size of the fiat money and debt equivalents has grown so much larger, and become so much more integral to international finance, that at least until the collapse of our international financial system (cockroaches will be celebrating another victory on that day), gold has become a puny relic, like a butterfly blown about in a hurricane
(to twist your metaphor in a way you perhaps did not intend.)
“gold has become a puny relic, like a butterfly blown about in a hurricane..”
Unfortunately.