Gold will be considered to be a Tier 1 asset for the banks and that is a change many people do not understand. Gold has no risk of default. Gold has no risk except theft or value going down due to gold discoveries that put more gold in the system. Gold does not change, the price changes due to currency weakness or strength or new mines discovered. I ask myself in the future as man destroys his system of civilization will electronic systems work at all? Will your credit card work? Will your debit card work. Will the ATM or banks be open. Where will your money come from if you do not have access to currency via the electronic grid. Including crypto, how will it be used if power goes down.
More importantly how will the price of gold change with the acceptance of Basel III changing gold to a tier 1 asset. The world is about to change, many say it will be AI (absolutely ignorant) that will make a large scale change in life. However, before that happens I believe it will be the realization that humanity will come to that fiat paper currency and coins are NOT REAL MONEY.
Gold and Silver are the true measure of wealth and security.