1 - Mistrust of fiat currencies which throughout history have all failed due to greed and manipulation. I see lots of greed and manipulation right now from those controlling the dollar.
2 - Exponential growth on a finite planet. In order for fiat to work growth must continue at 2-3% annually. This is physically impossible. We are now beginning to push up against these limits on many levels.
3 - Resource depletion. Mined gold output has been falling for several years now despite higher prices. The easy stuff has been found already. Oil, the stuff that fuels our 2-3% growth is now getting very hard to find. There is no other suitable energy substitute in the quantity required to maintain this growth. Technology is not energy.
4 - Mistrust of banks. Modern banking with fractional reserve lending requires exponential growth. Another long term impossiblity. When the music stops there will be few chairs.
Fiat currencies will fail eventually and gold will replace them as the defacto world reserve currency. Those holding real assets will be safe, those holding paper will be wiped out. So holding gold is my insurance policy for an unsure future.
For a really well done presentation on what is going on right now see http://www.chrismartenson.com/crashcourse
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