rabscuttle385 wrote: “Gold is just another commodity, and it too can fluctuate in value.”
Wasn’t it worth well under $300 an ounce in the not so distant past. It didn’t outperform the market then.
In ancient Rome one ounce of gold bought a toga, nowadays it still buys a good suit.
Because of its constancy, gold has functioned as a transitional currency between fiats because the average life of a fiat currency is only 50 years.