gold, page-126087

You have a HUGE chip on your shoulder about gold.

Gold was used 5,000 years ago as money (gold coins actually) (and I did my research after seeing the Rames 2 exhibition in Sydney), and has stood the test of time. Every other form of fiat money has failed during that time but gold is still used as money as evidenced by central banks increasing their large holdings of gold and reducing holdings of US dollar securities. Looking at what governments and their central banks have been doing over the last 25 years there will be many more failed fiat currencies including the US dollar, unless they change course. In times of trouble, whether war, economic crisis’s, hyperinflation, etc gold tends to perform reasonably well and even outperform ie it will still be around.