ROLEX18K

Gold as a Truly Last Resort

I agree that Gold is a last resort, my friend who is a small Gold workshop owner knows the guy who bought 100 oz.GC in the 1980's at about 800$, 80,000$ alltogether.
When he asked him last year when GC was 1000$ if the guy is going to sell his Gold, he answered of course not, he said I bought it then,placed in the safe box and forgot about it.
I called the guy a piker but here the reasons why:

1.He never bought GC afterwards even when it was 250$.
2.If he would buy any stock in the 1980 probably he would do better today.
3.Then for 80,000$ he could buy a penthouse that today after the crash can be redeemed on the spot for 800,000$.
4.His cost in todays $ is 2000$ per ounce with inflation adjustment.
5.He lost on his GC investment with the US$ buying power 70% and he is happy about it.