Quote:
Originally Posted by Captain Morgan
"having value" does not mean it's a good investment. Sure, it could possibly have value in 1000 years, but will that value be higher than it is now? However, since none of us are going to live for 1000 years, it's better to think of it in terms of what value it will have in the next 20 to 50 years, depending on when you will be retiring. There's a pretty good chance that gold's value will be less than what it is now, considering it's at some of the highest values in many decades.
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Gold was worth significantly more ($500+ more per ounce) in the early 80s than it is now after adjusting for inflation.