Much better for storing wealth than say the U.S. dollar ($35 - 1 oz in the 1930s vs $1,700 - 1 oz today)
Gold Vault - Fort Knox, Kentucky 
Gold is not an investment. It never has been. It never will be.
It’s insurance against inflation and chaos. As it so happens, we have plenty of both lately; hence, the general rise in gold prices. Incidentally, there is only going to be more inflation and chaos over the next 2-3 years and, probably, beyond. We’re all sailing in uncharted waters.
Much better for storing wealth than say the U.S. dollar ($35 - 1 oz in the 1930s vs $1,700 - 1 oz today)
Gold Vault - Fort Knox, Kentucky
I agree gold is not an investment, in the sense of something that increases in value. Instead, it is a store of value. That the price of gold in dollars is increasing is solely due to the fact that the value of the dollar is decreasing.
The value represented in a given amount of gold should be roughly constant, if not slightly decreasing over time since more gold is constantly mined, but very little is used for industrial purposes.
I “invested” in gold at $920 and just sold at $1730. I would consider that a nice investment.