And I wonder, exactly how substantial are Paul's holdings in Gold? Let's say the Gold standard somehow completely collapses the currency and makes dollars worth zero. Provided his holdings in PMs are anything less than half of his entire portfolio, he still loses more than he gains.
I mean, I have 5% of my net worth invested in PMs. If the currency collapses, that's absolutely great news for my 5% investment.... and it also means that 95% of my net worth is now worthless, so I'm not exactly hoping for hyperinflation here...
That's not exactly true. If you have 5% of your net worth in gold, and we get hyperinflation, the value in gold in dollars will go up 100x, 1000x, 1 million times, who knows. As long as it goes up more than 20x, you win, even if the other 95% of your investments go to zero. And if they do go to zero because of hyperinflation, you bet gold is going to skyrocket massively.
Also, I'm guessing a large part of the other 95% is held in stocks, which will inflate with hyperinflation, so they won't do anything like lose all their value. If you have extensive dollar or fixed income investments, well, inflation is the risk you take when you buy those things. But you and RP probably don't have much of those given your opinions on the dollar.
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