Pittsburg, Kansas | Reality speaks - 1/22/2026 14:03
fundamentally yes.
What no one can know is the timing,
Billions of dollars have been lost chasing the gold mirage over the enons.
My bet is that us in the baby boomer generation and our kids will pass before it happens.
On the last part, it is what I am counting on. You are right about the timing. In the Swiss Cheese model, it takes all the holes in a lot of slices to line up for a currency to fail. Look at the Yen how long it has lasted and how the Japanese market has fared since it's last high.
Most people who have some gold in their portfolio don't go 100%. It can be a diversification of a balanced portfolio. James Rickards recommends 10%.
Gold can help protect wealth. It's not to build wealth. As you pointed out, it has no earnings. People with little wealth have little need for it. Maybe a coin or three for an end of the world as we know it doomsday situation. But daily living, no use.
Of the last 15 years when I have owned some, I would have been way better off owning a stock market index fund for a dozen of those years instead of the gold. Then switch to gold. Of course if the queen had had balls she coulda been king. So there's that too.
Very few people understand the value of gold ownership. One in a thousand maybe. Some of the ultra wealthy do. Central banks do. For most people, carry on.
Edited by John Burns 1/22/2026 15:52
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An interesting presentation on currencies
