My problem is that the price of Gold, being far above its intrinsic value, is completely subject to popular opinion. If popular opinion decides to price Gold based on the $US/Euro ratio, we could just sit and helplessly watch our investments deteriorate as both the $US and the Euro depreciate.
I wonder, BTW, what gold would be priced at if it had no currency value...
Hard work often pays off over time,
but laziness always pays off right now.