Gold bugs never die. They were here before my time, they'll be here long after I'm gone.
Gold is a commodity. Currently stuck in a secular bear market going back 7 years. Shows absolutely NO sign of exiting the bear phase anytime soon.
Wish I had a dime for every time I heard the phrase "the demise of the U.S. dollar." Sure someday the buck will topple but someday ain't here and won't be arriving anytime soon. The yen, yuan, euro and Swiss franc will all kick the bucket long before the greenback does.
But, but, but...what about the trillions in QE? Means nada since not a drop allocated for the masses. Every last cent devoted to holding back the deflationary collapse of financial assets. They've succeeded in delaying, not denying and the collapse will be all the more spectacular due to the unprecedented level of money laundering.
Gold eventually finds its way back to 3 digit territory.
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