[Mr. Jeeves]

So what happened when gold went from $850 to $250?

Currencies were inflating.

Gold is a hedge, not an investment. It's a storehouse of value that has remained relatively consistent. If currencies are looking weak, you take a 15% position or so to offset the decline. When the dollar starts to look strong, you sell your gold and go back to the currencies.

[Toddsterpatriot]

Currencies were inflating.

So when gold dropped to 30% of its peak price, you could buy more than 3 times the amount of goods with the inflated dollar? That's funny!!

It's a storehouse of value that has remained relatively consistent.

Right. $850 down to $250. Consistent.