We can’t know whether dollar devaluation might buy global monetary stability for 10 years or 10 weeks. Would returning to the sort of foreign-government-only dollar/gold convertibility prevailing from 1933-1971 roll back uncertainty sufficiently to allow the required global economic growth? If economic catastrophe could be postponed by the half-measure of a partial surrender / ceasefire in governments’ war on gold, should citizens rejoice?
Gold advocates might have mixed feelings about the new mail-in or store-front gold refinery services. While such companies highlight gold’s rising dollar price, and also subtly remind people gold is synonymous with liquid cash, they may ultimately harm the cause of honest money.