It has a pretty good history as something valued by people - what, 5000 years? With that kind of track record, I would contend that the burden is on you to explain why that is about to change or, as you seem to suggest, has changed. To the latter point, it is still worth $631 an ounce as I type.
Yes, gold has a great track record, if you ignore the last 3 weeks. I can provide charts of stocks that have outperformed gold and also pay a dividend.
To the latter point, it is still worth $631 an ounce as I type.
It certainly is. Only 13% lower than 3 short weeks ago.