Consider that if you adjusted gold for inflation, you’d have to push past $2500 per ounce to equal the high price from 1980. Gold is only worth 1/3rd what it was in 1980.
Houses? The median house in 1980 was $76,000. The median house is now at $230,000, roughly tracking with the growth in median income in the US.
Gold has depreciated as an asset steadily over the last 25 years, and this little blip isn’t gonna be a correction. Property, and most other wealth vehicles (stocks, bonds) have appreciated at least with the rate of inflation, and most considerably beyond inflation.
Gold is pretty, looks good on a finger or around the neck, but as an investment vehicle it’s a long-term bust. A lot worse than property, or stocks, or even bonds.
I like gold painted women.
s/Bond. James Bond.