Senile goldbugs at least have better sense than to judge the value of gold by the fluctuations of a paper dollar. Gold is fluctuating in terms of the dollar because it is once again returning to its true value which it has not been allowed to do because of international manipulations. The gold bubble in 82 came about precisely because the dollar was no longer backed by gold and the right to own gold had been restored to the people after a long period in which they were forbidden to own gold bullion. You are reversing cause and effect to justify your position. Somehow I think you are aware of this but don't want to admit it. I suspect that if you had to choose between holding an ounce of gold for forty years with no interest earned or holding the equivalent in paper dollars for the same time with no interest earned you would have sense enough to choose the gold. Don't bother replying with some non-sequitor such as that you wouldn't hold a dollar without earning something on it. If you bother to reply at all deal with what I said and not what you wish to make of it.
Right, because gold doesn't fluctuate!
Gold is fluctuating in terms of the dollar because it is once again returning to its true value which it has not been allowed to do because of international manipulations.
Wow, international manipulations. How can it be manipulated if it is stable?
I suspect that if you had to choose between holding an ounce of gold for forty years with no interest earned or holding the equivalent in paper dollars for the same time with no interest earned you would have sense enough to choose the gold.
Holding paper dollars for 40 years with no interest is just as stupid as claiming that gold is the only real store of value.