We live in the Twilight Zone and given the myriad head fakes it's abundantly clear that the greater power has decided that few should remain intact. Economically at least.
As always the blue path is, in my humble opinion, most likely. I think that outright default will be avoided at all cost.
This is why the post-2008 reflation has failed:
Because bailing out lenders by giving borrowers more cheap money was a strategy reserved for the dumbest fucking society in human history:
Post-collapse, the deflationary collapse hypothesis predicts that the much maligned and debased dollar will rise in value as the money supply (aka. debt/credit) collapses. Therefore, the time to buy gold will be post collapse. In the meantime, the game plan is to remain as "liquid" as possible with near-cash alternatives (t-bills, insured deposits etc.).
Gold and the dollar
Trade inversely to one another...
As always, ammunition is the best currency, because it's constantly being used up, and never loses value.
INVEST AT YOUR OWN RISK