The markets are looking toppy with the Dow down about 1000 points lately.
In 1900 you could buy over 5 ounces of gold for a $100 note. So one can argue till black in the face, but the gold purchased back then is today worth more than $7,000
So if one wamts to have some insurance against the ravages of the markets (like 2008) then some gold is very valuable indeed.
And yes, the chart for gold from 1900 to today looks very interesting. I think we could be at the point of the early 1970,s where gold suddenly jumped 25 times in value
