1) If you read it properly it's not actually a prediction of imminent collapse, it's a suggestion that buying gold is an optimal strategy and if the world reali

1) If you read it properly it's not actually a prediction of imminent collapse, it's a suggestion that buying gold is an optimal strategy and if the world realised this and acted perfectly rationally everyone would buy as much gold as possible, demonetising all fiat currencies and creating an ensuing financial collapse. He's very clear that he doesn't expect this to necessarily happen because people are not 100% rational. He also does have a sense of humour (I know, outrageous right?) which you have to take into account. 2) If you read his writings further you'll see that he considers a distinction between the financial system and the US dollar arbitrary, because the USG insures all banks he considers the banking/financial system part of the government. The fact that the banks were bailed out by debasing the US dollar is one of the political realities which he would argue makes it more logical to save in gold as opposed to dollars. 3) The housing bubble only happened because banks could take on poor loans knowing that the USG would bail them out.