I am seeing the flight to gold as a positive feedback abetting the likelihood of market collapse. Parking wealth in gold retracts investment in productive assets, wherein their market price collapses and ROI with it. Hoarding reduces money velocity. Stored gold produces nothing. This flight from real investment is a curious byproduct of a usurious economy that necessarily inflates the money stock, where the eventual fear of dilution induces an inevitable collapse. Wars and revolutions follow. People steal gold in wars.
Maybe our money is better stored in lead.
Very astute post. You have a keen grasp of the financial/social dynamic now unfolding. But storing gold does produce one thing: a sense of security. There is no better way to preserve your wealth than in precious metals -- especially in the age of eroding fiat. It is more an insurance policy than an investment.
People and governments steal in time of war. Gold is easy to hide, move, and trade. Investment in high tech lead is also a wise investment. Careful lead investments, especially delivery system investment makes retention of ones assets more probable.
Given the likelihood of collapse due to generations of commies in entrenched in agencies beyond number, and unions communized and rapacious beyond description, and an electorate so debased by generations of brainwashing in the Pooblik Skool Collective, I have grave doubts that there is enough of the Republic to save itself.
In any case, having relatives who were not able or willing to defend themselves against a government gone seriously bad (it made soap of them), I suggest that as the Founders and generations of Americans after them, we must accept that we may be forced to defend our families and our property.
The spirit of King George is stalking our land again.
“This flight from real investment is a curious byproduct of a usurious economy ...”
This flight from real investment is a natural and rational response to a larcenous economy (government) ...
My editing bill will arrive in the mail.
;-)