Further to my previous post, it may make sense for sovereign nations to have a store of gold for the armageddon scenario, like WW2, where gold was shipped around, UK to Russia, to the USA and a Japanese submarine was sunk in the Atlantic carrying gold.
But for the average Joe out there it's pie in the sky. Where I live property has appreciated incredibly in the last few years, it's still going up, hard to believe, better off there than gold, something people need and if it's geard up even better.
And if you still think gold a great deal:
In 1801 if you bought $1 worth of bonds you'd have $1000 in 1998.
In 1801 if you bought $1 worth of stocks you'd have $500,000 in 1998.
In 1801 if you $1 worth of gold you'd have 78 cents in 1998.
