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Pittsburg, Kansas | I have said for at least 15 years, gold is not to create wealth. It takes productive assets or labor to do that. Gold has no earnings, unless loaned out at interest.
Gold's value is to protect wealth already earned. Most people have little need for it during their productive years.
Here is a presentation showing how gold value fares compared to other assets. The farm I live on, adjusting for the improvements, is worth in gold about the same as in 1870 when it was initially purchased from the railroad.
https://m.youtube.com/watch?v=4Z3_GG4ecRQ
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Gold over 2000 years
