Ron, I don't have all the answers, but gold went up 5 times in nominal dollars in the last 11 years, so what's to say it won't do the same over the next 11? It would just be the same rate of increase percentage wise.

That takes us over $6000 an ounce. At that point we would most likely have suffered a decade of miserable stagflation which might have halved (say) the real value of all the debts and unfunded libilities which, along with some reneging on pension promises etc, might get us back to a point where we can just about manage to pay our way again in sound money.

Hopefully, at that point the people realise that, once again, a (by then) 50 year experiment with fiat money has failed and demand to go back to what has worked for 5000 years, i.e. gold and silver. Leaders bow to public opinion and back the currencies with gold forcing them to stop buying votes by tossing lollies to the voters every couple of years and act fiscally responsibly going forward. I think we go there via the SDR by the way, i.e. a global fiat currency.

Gold is the norm, fiat is a periodic abberation caused by short memories and a disposition towards "this time it'll be different" wishing thinking...

Maybe this is me doing some wishful thinking but it's the best outcome we can hope for given where we're at.

EC