Paper currency would have some intrinsic value if it didn't have printing all over it, it could be used for writing paper.
It costs $500 thee oz to mine gold. Probably double that if you factor in all the money spent on exploration, exploration companies that have failed, mining companies that have failed and money lost on the falling U.S. dollar (all Canadian Miners hold U.S. dollars only, GG lost $1 billion on their U.S. dollars a couple of years ago).
The key here is to decide when these idiots will jump out the window? Do you have any inclination? They could ride this insanity for years, do u think $1500 or $2000? How much correction before they crap their panties? 20%?