Comment: I still disagree

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In reply to comment: Yes, diversification is key. (see in situ)

I still disagree

Gold retains value, period. It has done so for thousands of years.

If you had 1 ounce of gold 100 years ago or 500 years ago you would be able to trade that for a certain quantity of food, probably enough to eat for one week, for example.

Today if you have one ounce of gold you can trade that for a certain quantity of food. At current rates that would be about $1,600 worth of food (certainly enough for 1 week). So you can see that gold has held value as compared to the past.

I can pretty much guarantee you that 1 year from now or 5 years or 10 years, 1 ounce of gold will STILL get you a week's worth of food (if not more).

When the dollar collapses so that whatever is in your pocket won't buy you food, gold will. So it's not possible to buy gold "too late" IMO.