You need to go back and look at the real estate bubbles of the 1800's when we were on the gold standard.
The reality is the Fed was the most stable when the gold standard was in place it has been since we have ditched the gold standard that things are getting wildly out of hand and the Fed is now forced to make drastic moves that will come back to bite us all."
That's just not true. Go back and look at the CPI swings when we were on the Gold standard.
"Somehow you think gold isn’t a real asset or are you saying real property assets?"
I was saying most of our wealth is in real property, businesses, equity. We use currency as a temporary store of value, not as a long term store of value.
Gold is a real asset, but it's not one that returns much. The real return is usually close to 0. It's better than holding dollars long term, but not much. If you want to store wealth long term, Gold is ok. But there are better safer investments than gold.
Actually there were 6 housing bubbles since the Civil War and I have researched over the years as much as I could. It was that research that allowed to me to completely capitalize during this bubble.
You are relating the problems that were caused by government intervention as somehow connected to the gold standard. The gold standard wasn’t the problem and in fact it was never the problem it was the poorly constructed regulations and/or cronie crap that has gone on in our government that is far more of a factor than having a gold standard in place.
You are missing on key part of gold and silver (silver by the way is what I called as the key investment vehicle 3 years ago and my close friends thank me all the time for it) is that you can create a solid inheritence vehicle - if you catch my drift :).
A so called “safer” investment is worthless long-term if the inheritence tax is 90% or more.
Gold or silver to me is like a tangible real piece of property (the dirt - not the improvement). The key to any long-term family success is having enough of that “free and clear” to keep things going.
Currency isn’t something I would consider as an investment vehicle for one primary reason...it just isn’t tangible. It is all smoke and mirrors.
We are about to see a period of time where people will be screaming for a return to the gold standard as soon or shortely thereafter as we lose reserve status.