Gold, Global Debt and Currency time bomb

It depends in which camp you fall, if you have an unwavering belief in the value of the Fiat monetary systems and the intervention of central banks the continuing interest in gold as an investment seems like investing in dinosaur futures. Its ironic that those who urge us to invest in the future innovations of robotics , biotechs , nanotechnology and other technologically based innovation refer to gold investment as speculative and non productive defensive investment , when in reality the US dollars that these innovation stocks are denominated in may prove to the most speculative investment in history.

That's not to say that throughout history gold has not seen similar politically motivated abuses of it value, its just that now we are in a Fiat debt bubble not a gold bubble. If we want to rationalize that gold has become purely an industrial commodity, subject to the normal laws of supply and demand we need to remember that gold has been in deficit industrial production for many years and the demand that's been out there is substantially industrial demand and not an investment demand.