Yet Another Goldbug Thought
Could gold become the first global bubble?
YES! Notice that I didn't say that it WILL be the first global bubble -- only that it COULD.
One of the reasons that I own gold is because it has universal value. I could take my gold to any country in the world and use it to buy food, shelter, land, etc. That is in stark contrast to paper currency (or digital currency). Those unelected folks at the Fed get to decide our monetary policy. They have been redistributing trillions from savers and producers to debtors and banks. Who can tell me how much more money will be printed over the next 10 years? Who can guarantee me that there won't be a debt default? Who can guarantee that there won't be currency wars -- a race to devalue currencies? (already starting).
With 6 billion+ people in the world, what would happen if people everywhere experienced the revelation that I have, namely that fiat currencies are all eventually doomed?
Think about it -- Gold could become the first global bubble.