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Gold/Mining/Energy : Precious and Base Metal Investing
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To: TheSlowLane who wrote (38976)11/6/2007 2:46:53 PM
From: Louis V. Lambrecht  Read Replies (4) of 39344
 
All assets lose value over time. I.e.: there is more gold available now then in the Middle Ages, hence, relative value is now less. (fwiw, the wealth of Charles the Great was measured in pounds of silver, a 320gr pound then: true inflation, look how many grams you need for a pound nowadays <g>).
Seen from another side, it lost less value when compared to other benchmarks.
This is true for all collectibles, ancient furniture, paintings, name it ...

I like your phrasing historically held its value relatively better if you meant losing less <vbg>
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