If all the the gold in the world disappeared overnight there would be no adverse affect to anybody. It is just a psychological device as is any currency. To say it is undefeated over 5000 years is meaningless and inaccurate, It will always pop up in times of fear and then in times of normalcy take it's rightful place as a worthless but pretty adornment on females
OK the US fiat currency is backed by an injured economy. Gold on the other hand is backed by a bunch of paranoid crackpots. I might buy some if it looks like it's breaking out but there is no fundamental reason to own this essentially worthless commodity.
What Is Going On With Gold? [View article]
What Is Going On With Gold? [View article]