What works for the people with $40 million in disposable income doesn’t work for the rest of us. Not only can you not eat gold but in a real crises you can’t even trade it for something you CAN eat. Those people are diversifying to preserve wealth. They’re not worried about eating.
You did realize that quantitative easing was a super duper word for “Oh shit, we’re in a liquidity trap. What the fuck do we do now”, right? Inflation, or that hit from the 70’s Stagflation is right around the corner. Gold is a shitty investment, but it’s a great inflation hedge.
Meanwhile, I’m investing in my own precious metals: Brass and Copper Jacketed Lead.