True. But I was thinking more of the private sector debt collapse impact on private sector pensions especially in the UK. There is £1.46 Trillion of private debt and 40% of the lenders are UK pension funds. I can't see that being paid.
The next financial crisis is gold. A bull run ends when the actors run out of cash to buy. Trust me, when that happens, gold will crash hard!
Who runs out of cash exactly. Do you mean Americans? Europeans? Do you think Chinese and Russians are running out of money? They buy gold too.