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An Op Ed posted in the New York Times 04-12-2013 by Economist Paul Krugman, Ph.D. currently Distinguished Professor, Graduate Center of the City University of New York, and Columnist for the New York Times explains the differences between Fiat Currency elitists and "Gold bugs."
"What do I mean by goldbuggism? Not the Notion that buying gold sometimes makes sense. Gold has been a very good investment since the early 2000s, and it’s probably not all bubble. One way to think about this is that gold is like a very long-term bond that’s protected from inflation; and actual long-term inflation-protected bonds have also seen big price increases, reflecting a general perception that there aren’t enough alternative good investments.
No, being a goldbug means asserting that gold offers unique security in troubled times; it also means asserting that all would be well if we abolished the Federal Reserve and returned to the good old gold standard, in which the value of the dollar was fixed in terms of gold and that was that. And both forms of goldbuggism soared after 2008."

SDO ASC'S CURRENT VIEW IS THAT, UNLIKELY AS IT SEEMS IN TODAY'S DIGITAL WORLD, GOLD WILL CONTINUE TO BE THE FAVORED COMMODITY FOR MONETARY EXCHANGE INTO STRONG CURRENCIES - US$, €, £, ¥. DURING TIMES OF ECONOMIC DESTABILIZATION, AS IS CURRENTLY NOW BEING EXPERIENCED IN VENEZUELA IS AN EXAMPLE. GOLD IS A COMMODITY CRITICAL FOR SUSTAINING INDIVIDUAL NEEDS  AND CENTRAL BANK POWER; IT WILL CONTINUE TO BE THE  TREASURY OR CENTRAL BANK ASSET OF CHOICE FOR THOSE REPUBLICS THAT ARE STEPS DOWN FROM THE G7;  GOLD AND PETROLEUM ARE DEFINITELY COVETED BY MANY MEMBERS OF THE G20.  WE THINK THE  DEMAND FOR GOLD, COPPER, SILVER, MOLYBDENUM, ALUMINUM, IRON, LITHIUM, ALONG WITH THE  FERRO ALLOYS (NIOBIUM, FOR EXAMPLE), THE 15 "RARE-EARTH"  ELEMENTS, AND PETROLEUM WILL EXPAND GEOMETRICALLY, IN PROPORTION WITH POPULATION  GROWTH, COLLECTIVE INTELLECTUAL CAPACITIES, AND EARNING POWER. WE BELIEVE THIS  TO BE THE CASE AS PEOPLES' ATTEMPTS INCREASE FREE THEMSELVES FROM TOTALITARIAN REGIMES. 
SEPARATELY, INCREASED INDUSTRIAL DEMAND AND THE NECESSITY OF MAINTAINING INDIVIDUAL ECONOMIES INTACT MAY FOLLOW SUIT.