And the dollar is down 12% against the Euro in two weeks. LOL. Gold owners are doing better than dollar owners.
Gold owneers are, in fact, losing value because of the transaction costs and the storage costs of owning gold. But they are losing far less than those who are holding currency or whose investments are performing at less than the rate of inflation (real probably 15-17% or so). The only way to "invest" in gold, to aim to increase your capital by gold investment is to buy gold mining stocks because they ctend to rise much faster than does the nominal price of gold in an infflation.