Preparing for government defaults

Central Banks Are Purchasing Gold at Record Highs. Why?

As reported by Dion Rabouin at Axios, an unprecedented shift toward gold has been led by the financial authorities of the world in what appears to be a move away from the US dollar.
The World Gold Council reported that central banks bought a historic high of 374.1 tons of gold this year. While this move accounts for only 16 percent of total gold demand, it offers an inside look into the minds of the central bankers. It was only seven years ago that a survey of economists revealed significant disagreement with regard to the potential benefits of a gold standard. Do central bankers not agree with leading academic economists or is a different motive at play?

Even the BIS is trading gold derivatives.  Two generations in recent memory have defaulted on government gold paper.  And being on a market based currency simply shifts the issue to defaulting on government debt. The USA is headed in that direction.