[justshutupandtakeit]

Gold might never go to zero but if you take the current value and depreciate it by 1% per yr. how long does it take before its value is a penny an ounce? Today I can buy 3x as much of it as in 1980 with my dollars.

I have no argument about keeping it as a store of value though since in that regard it is fairly safe. If not totally. Hell those who are still holding confederate money have seen it return to value.

[Fyscat]

why does everybody always bring up 1980? it was a hyped inflated market very much like the dow present day( unless you like pro forma instead of gap)Yes, one must look at all aspects, and I dont like bullion anyway, its a market where the fix is in utilizing the futures market. I believe in other area's of gold that the gov't has deemed "of unusual value". I avoid a bullion piece that issued today has $50 stamed to it.(a confiscation issue)