It's not that gold is up as much as the world currencies are down, imho.
I once heard it said that in Ancient Rome, for an ounce of gold, a man could get a fine toga made with a hand-crafted belt, and sandals.
Today, the same ounce of gold could get you a nice suit, with leather belt, and shoes.
Gold is where you put your money for it to retain its value.
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-D.
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