SG, you haven't read the book, have you. your starting point is...

SG, you haven't read the book, have you.
your starting point is very different from mine, so maybe there's no point in taking it further with you. But I'll have a go.
No doubt you believe the pervasive propaganda designed to denigrate the position of gold, which has been persued since Nixon decoupled gold and the dollar.
Why the propaganda? Because gold is to be feared by fiat currencies because it the one safe store of wealth in times of crisis.
The evidence for the continuing importance of gold is there if you care to see it. Central banks around the world are still the major holders. Why do you suppose that might be SG?
but the reason I am holding gold is that I KNOW that the structural problems in the world's largest economy are there for all to see. I KNOW that this is the reason that the U.S. economy is not growing despite the trillions being pumped into it. That money is meant to generate inflation of around 3%, so that real interest rates can be restored, a prerequisite for growth. But the massive QE injections are merely counteracting underlying deflationary forces at work in the economy. Meanwhile it's business as usual at the TBTF banks, with the ever increasing derivatives growth and leverage risk.
there are people regularly posting here who will offer any number of reasons why The 2008 GFC crash can't happen again. I'm saying it WILL happen again, and when it does, there won't be QE to save the day. It will have to be an international effort to restore the interconnected global banking and trading system. The West may may currently spurn gold, but much of the rest of the world has a very different view. The IMF may be the body which comes to the rescue, and it is a very large holder of gold, not to mention China, Russia, Germany Switzerland, France, Italy etc.
i don't see holding a bit of gold as a big risk. I think it will appreciate and I don't think I'll have any trouble in selling as and when required.
23.