We need to avoid a financial crisis...., page-8

Gold went to 1900US. You have a different definition of crashing than I do.
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23, gold was money during JP Morgan's days. The world was on a gold standard. And their was a two-tier system heading into 1900 - silver and gold. Post 1900, there was a gold standard until 1914 - world war 1. And then countries re-joined the gold standard into 1931, when UK left it. Gold remained fixed for years.

Today, gold is not money. Sorry. Paper is money. But, governments want electronic currency.

I remain in cash.

just saying! JP Morgan was correct, but 100 years ago!