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The way I see gold, it’s a way to protect your money from extreme loss, like if there is hyperinflation coming. I think the high price of gold right now might be reflecting the sentiments of investors that there is substantial risk of significant inflation. I don’t have money to invest, but if I did, I think I would buy land. I haven’t checked lately, but I imagine land prices have generally come down along with real estate. They ain’t making any more of it, so it just seems like a good investment to me, except that you have to pay property taxes on it :-(.

I don’t have money to invest, but if I did, I think I would buy land.

That is a one of the best arguments against gold investments I have heard so far. Not because gold will drastically drop, but like gold land is always worth what the highest bidder will pay. Like you said, real estate has taken a huge hit in returning to a respectful level. And unlike gold you are again correct, no one will be discovering anymore to increase the supply.

Thanks for the added information to ponder.