“But as a long term store of value it isn’t as good as currency lent at interest.”
If Obama wasn’t president, I would agree, but during the next four years, I am guessing that gold will blow the dollar into the weeds, and depending on how much damage Obama does, it might continue to do so very long into the future.
There is no inflation. It's a deflation. All the inflationary brainstorms rampant, were the bubble. And it is busted.