RE:Gold, and the lesser of the metals, silver, areThat was in 1914. In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.
1980 gold price of $850 to debt ratio would put the gold price to debt ratio today at $32,000 and a lot more when interest rates rise as already seems likely with the 10yr bond down 10% in the last couple of days, means interest rates will go up, hyperinflation is baked in, see what your credit card will buy then. Nobody will be able to afford Tech stocks when any money available would be required to service debt.