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Yeah I've read all the stuff to the nth degree about fiat money, sovereign debt ad infinitum.
All the gold that's ever been mined is still here so there's only a 'temporary' shortage as the suckers get in.
Just like anything else, when there's large debt it can be risky, but when a recovery takes place, asset prices rise, tax takes and interest rates increase, that will be the death knell for gold.
Goldbugs love hanging on the 'experts' shirt tails, hoping their 'luck' will drag them along with it.
Why is that? Marc Faber, Kitco, Doug Chanos, Schiff and heaps of other 'experts' who are busy creaming it fanning the flames of uncertainty.
Are goldbugs incapable of making their own decisions?