India, middle east are selling petrodollar for the hard currency.
If gold is useless, why FED keeps them in the deep cave?
People want to believe what they want to believe. Until foreign debtor dump IOU to the market, they will never understand what the fiat paper is about. :)
Wall Street and FED will try to choke to metal. Can they? Can any one in the human history dump the metal to the ocean? :)