Gold bulls agree Supply is going up rapidly but think Demand will also go up dramatically due to fiat currencies and/or banking system collapsing. However, inflation, amount of fiat printed, is not going up over time for big currencies like USD and EUR, so hyperinflation scenario very unlikely. Banks collapsing like domino's just happened in 2008, historically only happens every 100 years, and did little to see gold become more popular again as a currency, by the populace, or the central bankers, and therefore is unlikely to return. However, the banking crises of 2008, did see the invention of Bitcoin, and for the first time a private currency was not outlawed but allowed to exist. Only 10 years later 1000 private cryptocurrencies have spawned, and although very volatile, due to it's intrinsic properties of digitally transferable, unlike gold, but also not possible to issue out of thin air, unlike fiat, nor backed by debts with counterparty risk, unlike your bank account, and subject to the hard forces of market competition where only the best managed currencies survive (and are highly profitable), will likely make the old money system of fiat/banks for spending, gold for saving, be less used and valued over time. Links: Showing amount of money printed by Fed last 100 years is not going up over time: https://youtu.be/hjYB9_qBMlU?t=1267 Gold: Production VS Price 100 Year History: https://www.youtube.com/watch?v=kdENVS0RTxU