@ramAustraliaVery true, Gold holds value against the inflated/ing prices of commodities and services that are valued in Fiat.
It wouldn't work if it constantly increased in real value as it wouldn't be a stable and effective medium of exchange.
The issue with Gold is that it has had its price suppressed.
The Central Banks will just revalue their Gold Holdings and like the Fairy Godmother turned a Pumpkin into a Carriage, they will turn themselves into Solvent Banks
Below is the slap down trade that occurred last night................ US$2,347-90
It didn't last long as the price in Fiat went up to the US$2,390's
I think the Market said you can go and get @#&$*#$!
If a graph could talk, it would say: "you should have let sleeping dogs lie"
