RE:Inflationhey tootall...you are missing one thing though....Gold peaked at $850.00 in 1980 or thereabouts...from 1980 @ $850 to around $252 in 1999/2000...
so the metal went from $850 to $252 over a 20 year period....20 long friggen years with nothing but down down down....
the trouble with that period is for guys like me, as it was the start of my wealth accumulation years...of course I dabbled both in the metal and the miners during that time and all i can say is i lost a lot money during that period...it was vicious, chinese torture...drip drip drip....
so all i'll say is GOLD is NOT KING!!!
watch what you wish for.
so this is not a buy and hold investment...you have to trade it....
and it's because of that experience that has affected the sector and why everyone keeps wondering why gold is not 20,000 or something....and the reason miners do not get the multiple like other companies....
people have been burned in the past, especially from 1980 to the 2000s....
and by the way, you have heard of Bre-X, right???...that drove investment in the miners out of Canadian miners as quick as Usan Bolt in the 100 yard dash....
watch what you wish for.