Gold is frothy, but, there is less trust and belief in the US Dollars and the US Government.
What other vehicle of wealth preservation and exchange is available, aside from the US Dollar? A diversified portfolio of precious metals, commodities, major foreign currencies, and some bitcoin.
Instead of concentrating holdings in dollars or dollar-denominated assets, nations and investors need to spread it around in a basket of various holdings to mitigate risk, preserve wealth, and maintain liquidity.
Earlier in the year, I was contemplating buying some gold, platinum, or palladium coins, but the train left the station before I could board.
Today's markets melt up and free fall. I wouldn't have fair warning to sell while I was still above water.
I don't know what will happen with gold, but I do not like parabolic price charts. So, I'm staying away from precious metals for now.
My roll-over IRA has made a few bucks in mining stocks.