It's true that we can represent commodities with paper and digital bits (in fact some say silver prices are misrepresented by paper and would explode if the SHT

It's true that we can represent commodities with paper and digital bits (in fact some say silver prices are misrepresented by paper and would explode if the SHTF, and physical delivery was demanded), but that doesn't change the meaning of my statement much. Unlike oil, stock or bonds, gold just sits there, heavily, not doing much of anything. It's only attractive when people lose faith in the ability of un-backed paper currency to hold its value. When and if the U.S. can solidify that mentality gold will fall out of favor. I agree, though, with a long gold position.