Quote Originally Posted by verminaard View Post
Quote Originally Posted by sonatine View Post

if you print enough dollars, the value of the dollar deflates versus other currencies/goods/standards.

if it suddenly takes 1200 jesusbucks to buy a gallon of gas, we are essentially bankrupt.
So why shouldn't we be investing in gold if we feel this is a high likelihood of happening?
First, because that is not going to happen.

Second, because gold is stupid. For a medium of exchange to work, it has to be in sufficient supply, easily transferable and widely accepted. Gold is none of these things. Hold whatever asset you want, if the trust in the system and its participants breaks down, it will be worthless.