December marks the 100th anniversary of the creation of the Federal Reserve Bank which is responsible for inflation. The Fed, which is not accountable to the government, has caused the US dollar to lose over 95% of it’s value during this time.
Total US student loan debt exceeds total credit card debt and now exceeds 1 trillion dollars. Also, approximately 45% of those who have already graduated college are not making payments either due to default, deferment, some other form of forbearance or they are still in their grace period.
When the US Dollar collapses, just as all currencies have historically done so, gold will have infinite value priced in dollars.