brit / aussie,
you see, your perception of a crisis and my perception of a crisis is different.
in your view, your crisis is about something the fed can just print money and bulldoze thru.. without factoring in the fact that the US treasury is currently one of the largest debtor in the world and their unfunded pension bill double up their debt. see examples like zimbawe.. what happens when all those printing no longer works ?
is it going to happen anytime soon ? probably not. when is it going to happen ? i have no idea.. nobody expects lehman to go bust.. but it did..
so under that context.. what is gold ? yes brit pointed out something right.. gold is not an investment. gold is an allocation into a different form of money.