Reply #19: I said that at least in the last decade it's gone steadily up.

[Dover]

So looking from about '98 to '08, if you invested in gold you did REALLY well.
Invested, as in bought low at the nadir and sold high. A very good return I'd say.
And if one didn't sell, it's still holding its value pretty well.

Regarding this economy, we're not in Kansas anymore.
We are in completely new territory than we've been before, so old ways of thinking
about these things, and old formulas are not reliable imo.

Whether to rely on gold as currency is one of those questions that can't be answered as
we don't know what the future holds for the dollar. But if the dollar hits rock bottom
or is abandoned then it does make sense that gold might become currency at least temporarily,
as might some other commodities. But it's all guesswork unless you know something the rest of us don't. Choose your poison.

I wonder what you find more reliable in this economic environment?