I listed two easily found examples of gold’s buying power increasing from 1970. It will and has always maintained value better than fiat. It’s never been about

I listed two easily found examples of gold’s buying power increasing from 1970. It will and has always maintained value better than fiat. It’s never been about cyclical inflation, but about long term devaluing of floating currencies. I wouldn’t expect gold to be a hedge against currency that was pinned to the value gold. Weimar Deutschmarks, Venezuelan Bolivar, Mexican Pesos, Hungary, Zimbabwe, Yugoslavia, etc. etc. are a few examples in the last hundred years where it would have been better to hold gold than cash. Are productive investments going to be more profitable than gold? Absolutely. Gold is not a productive asset and will not produce anything. That’s not what it’s for. It’s specifically for not investing over long periods where a fiat cash position would lose about ⅓ of its buying power per decade (in terms of current US Federal Reserve Notes). Look at a chart of gold from 1970 to today and add a trend line from just the lows[0]. Even if you would have bought at the peak in 1980, the buying power of your gold would have been effectively unchanged (the dollar value would have tripled). At any other time, gold has handily beat cash. Any financial consultant is absolutely going to steer you away from gold because it can’t make them recurring revenue. It’s always going to do worse than the stock market over the long term. That’s not what gold is for. It’s an alternative to a long term cash position. I’m not saying put all money into gold, but having 1-10% of assets in physical gold is not any worse than most people’s much higher allocation in bonds. 0 - https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart https://www.macrotrends.net/1333/historical-gold-prices-100-...