Originally Posted by
Skol
Here's something from Resource Investor about the '5000 year store of value'. LOL
'As Société Générale’s Dylan Grice notes, “A 15th century gold bug who’d stored all his wealth in bullion, bequeathed it to his children and required them to do the same, would be more than a little miffed when gazing down from his celestial place of rest to see the real wealth of his lineage decline by nearly 90% over the next 500 years.” In the “shorter” term, the holder of 1980-vintage gold has not only earned nothing on his investment but requires $2,300 gold just to break even on the invested capital. On the other hand, the peace of mind and the potential shelter that gold may provide in the event of chaos, collapse or all-out war is not substitutable, no matter the number-crunching reality.'