Maybe people are smarter than we give them credit for being?
And what do gold bugs convert their gold into ? Fiat money so they can actually buy something with it. Gold is simply a commodity. People who buy gold don’t understand a real economy or the money that it trades with. Gold can be used as a form of money but it’s a really inflexible currency and therefore a really poor one. If the economic system truly breaks down then gold is as worthless as the paper money is. Let’s hope we don’t get to societal collapse and a barter economy. Most will die if it does come to a barter economy and gold won’t save you.
