I think your logic is baked. The current US debt to GDP ration is 100% and will grow by at least 10% a year. As one columnist put it; only the US currency could survive a situation like that, but not for long. You keep on holding your US$'s and I will keep on holding my gold. We'll see who's right in the end.
What Is Going On With Gold? [View article]
World reserve currency - hah