It wasn’t supposed to pan out this way. Goldbugs have been luridly prophesizing the withdrawal of confidence from the monetary system, a monetary system whose basic premise was “trust me”, since France cashed out its U.S. dollars for gold back in the sixties. In fits and starts we’ve been right; that gold is no longer $35/oz speaks to as much. But now there is bitcoin and we all look like schmucks. When the tide went out, it was we who were supposed to get the yellow Porsche. But no the dudes eating our lunch were born twenty years after Nixon closed the gold window, wear headphones and sound more puritanical than we ever did.