will de naysayers c de forest throo de trees.., page-8

ADW - I meant to add .....

Whilst I agree with nearly everything you say, I do believe that a holder of gold may become wealthier (in the real sense) than they are at present if gold does come to be viewed as the "haven of last resort".

I agree that currently the rising/falling 'price of gold' is simply the expression of a decline/rise in the 'value' of a currency.

However, the amount of real gold available for purchase is definitely finite, and relatively quite small.

Should serious money start to purchase gold 'as that haven of last resort in troubled times' the simple law of supply and demand will see gold become much more than its present 'currency' role. In that case, it's value will increase much more than other 'currencies' fall. It could soar in real terms.

fwiw

dub