Gold is a safe haven in times of crisis - the ultimate safe haven in fact.
With the anemic inflation (calculated in a way that refuses to account for rampant housing costs) we have seen globally to date - according to your thesis - the Gold price should have collapsed. Of course it hasn't.
Keep betting against Gold. All the words spoken against Gold and Goldbugs are for naught. Just look at the Gold price to see who is winning the argument.
The anti-Gold brigade keep saying each new crisis will just blow over. In fact the rolling crisis is a series of events occurring in different areas that are amplified in magnitude by Globalization & the effects reverberate around the world. Nothing occurs in isolation anymore: the world is enmeshed like never before and utterly reliant on the uninterrupted functioning of each crucial cog in the global machine. We have seen China seize up, and I can tell you that despite the papering-over-cracks being done by central banks & the window-dressing of 'new record highs' in stock markets, the global economy is splintering and fracturing with each passing day.
