One of the last economists I read was saying there is a plan to devalue the dollar by 2/3 and that would pay off all the US debt. In other words you go to the bank with 100 green dollars and you get 33.33 new blue dollars. Your income will probably be cut by 2/3 also.

If gold goes to 3600 and all your assets are gold, then in this simple scenario you have preserved your wealth if everything else you buy remains the same price as before. But if a 300K house becomes 100K, Gas is $1 and eggs are .50 cents you have trippled your wealth.

The national debt and uncertianty about FICA money is what is causing Gold prices to go higher, if you take away the debt and uncertianty where is the gold price going to go?

I have also read producing miners did well in the great depression and it looks like KRY will eventualy have a producing mine, so that is good news, in a depression or a recovery.