Long on Gold - How safe a bet is it?

Economics Economics Questions
1

Instead of just watching its price and later saying to myself “I knew it”, why not just invest in it? Market conditions seem perfect for a continued gold run, especially when I start hearing people talking about the problems that “uncollateralized currencies” bring. http://www.cfr.org/publication/15288/testing_the_dollar.html?breadcrumb=%2Findex

So what’s your take? If the fundamentals Austrians always talk about are really showing us in practice what happens in a monetary system (inflation, devaluation of the dollar and a run on gold, is that likely to continue?

I’d love to hear your thoughts on this.

2

I’d love to hear your thoughts on this.

Stock and fiat can go to zero. Gold hardly. Seems simple enough.

I’m long on both gold and silver, but as long-term savings rather than investment (bet).

And sundry people I know have indicated the same for them. “Indicated” because of MYOB.

Also the same group is long on other useful commodities-- each to his own, but many include survival items and other trade goods.