[quote=peterb]Buying gold as an investment vehicle is not the idea. It’s a value holder. An oz still buys what it has always bought. Think purchasing power. The US$ and other fiats buy about 5 cents of what they originally bought. So it’s an insurance policy against monetary fading or all out collapse. [/quote]
Exactly. My gold portfolio has doubled since 2006. I can now buy twice as many dollars as I used to. Does that mean I am twice as wealthy as I was? Not at all. It simply means that I have retained my wealth in 2006 dollars while others have become poorer.
