The concerns that you mention could possibly drive Gold much higher. But a few things: 1) Investing is fundamentally tied to time. Gold doubling, let’s say, has one significance if it occurs in a year and another if it occurs over ten. Many have been talking about global reserve currency and the debt to bring down the dollar for decades and it hasn’t happened yet. Will they? Probably. But when is the question. How do you address this?; 2) You’re right that paper currencies lose value to inflation whereas Gold doesn’t, over the long run. That said, it is also the case that Gold doesn’t react consistently to offset rising inflation in the short-run. That would seem problematic via-a-vis some of the catalysts you mentioned.
The concerns that you mention could possibly drive Gold much higher. But a few things: 1) Investing is fundamentally tied to time. Gold doubling, let’s say, has one significance if it occurs in a year and another if it occurs over ten. Many have been talking about global reserve currency and the debt to bring down the dollar for decades and it hasn’t happened yet. Will they? Probably. But when is the question. How do you address this?; 2) You’re right that paper currencies lose value to inflation whereas Gold doesn’t, over the long run. That said, it is also the case that Gold doesn’t react consistently to offset rising inflation in the short-run. That would seem problematic via-a-vis some of the catalysts you mentioned.