[Toddsterpatriot]

The same things that you could buy with an ounce of gold back then, you can still buy with an ounce of gold today.

I could buy the same thing for $280 in 2001 as I could for $800 in 1980? $1100 in 2015 buys as much as $1700 in 2011?

[kara37]

I could buy the same thing for $280 in 2001 as I could for $800 in 1980? $1100 in 2015 buys as much as $1700 in 2011?

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We are talking historical value. Yes, gold had it’s ups and downs, just like all hard assets.
However, it has been proven over thousands of years to be a storage of wealth.
The same thing can not be said for any fiat currency.

In fact, every single fiat currency has eventually failed.

Every single one.