In terms of cash gold is the ultimate bubble.In terms of gold it...

In terms of cash gold is the ultimate bubble.

In terms of gold it is what it is.

IMO Soro is clearly articulating the paradigm between the thinking of gold as a currency and gold as an asset. Sure gold could be worth squillions in the years to come against a currency that is worth nothing.

The point is that it will the last 'asset' standing under such circumstances. All other asset classes will be regarded as less valuable as they cannot be converted to cash.

Owning physical gold removes you entirely from the binds of fiat and debt. Upon converting your debt free gold into fiat you can then resolve your outstanding debts. In a world where debt will determine success, I suggest that owning physical gold is the preference.

I am looking at gold more as a hedge against future debt than inflation. Lock your debt in now, balance with a holding of gold, then when the time is right nullify the debt with your gold holding.

The time for the ultimate gold bubble is looming and it won't be a flash in the pan like it was in the 70's/ early 80's.

GC