Some die-hard gold bugs pointed time and again (ahem) to the historical low at 1 ounce for 1 unit of the DJIA back in 1980.
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Sadly for the hard core gold bugs, there will never be a new gold standard.
It is very hard to earn gold, which is why William wanted to buy some.
Both factors are temporary and when they wane we predict a hard landing for gold.
Investors are dumping not only financial stocks but dollars, and they're plowing money into hard assets like gold instead.
Joel Smolen, hedge fund manager at Axion Capital in San Rafael, says hard assets like gold, silver and equities of mining and metals companies in countries like Australia and Brazil are the places to be following the U.S. credit downgrade.
FORBES: Hard Assets The Place To Be Following U.S. Credit Downgrade
Gijsbert Groenewegen, managing partner of Silver Arrow Capital Management, said the news about Germany seeking to protect its banks shows how murky the European debt situation is, which makes investors seek the transparency of hard assets like gold and silver.
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The market place has recently received a shot of confidence the easy money policies of the major central banks of the world will remain in place for quite some time to come, and that is a bullish underlying factor for hard assets like gold and silver.
FORBES: A.M. Kitco Metals Roundup: Gold Near Steady on Chart Consolidation Following Friday's Gains
At which point the problem reverts back to the previous problem facing any central bank trying to manage a fiat currency a problem the post-Bretton-Woods experience has revealed to be insoluble without a market-based link to a hard commodity like gold to reveal money demand through the price mechanism.
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Shares in Barrick Gold fell hard on Thursday after the company posted earnings that revealed a top and bottom-line miss, lower guidance on gold production and higher cash cost forecasts.
FORBES: Barrick Gold's Horrible Third Quarter: Big Miss, Lower Guidance, And Higher Production Costs
But it is hard to see the gold price collapsing unless real interest rates increase sharply.
What happens if say we go to a hard currency, say gold backed dollar in a fixed relationship?
It is hard to say whether gold is in a bubble, or if we have simply entered a new era of interconnectedness in the global economy that will continue to drive the demand for gold.
In short, when the dollar is in decline limited capital tends to flow toward hard assets such as gold, land and rare art that already exist, and away from the stock and bond income streams that will fund the creation of wealth that doesn't yet exist.
You want a kind of gold standard, with the dollar and other hard currencies acting as a substitute for gold.
Since then, however, the price of gold has fallen hard, weakening dramatically in recent weeks.
Back in the day, gold and other hard assets were often seen as hedges against stocks.
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Gold and other hard assets have, over the last few years, also been influenced.
The result soon was skyrocketing oil, gold and other hard-asset prices, and general inflation.
Why is the king (Ian McShane, all dressed in gold) so hard and then so inexplicably soft?
Metals producers like Silver Wheaton, Newmont Mning and Barrick Gold sold off hard on Wednesday, too.
FORBES: Figuring Out Why Gold Tumbled When It Should Have Soared
The Auction House will give players access to rare items and gold using your hard earned cash, deposited straight into your Battle.net account.
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The easiest way to make an investment is to buy a piece of gold - a hard asset that can be stored at home.
Gold stocks fell hard along with bullion this week.
FORBES: Gold: After Technical Slaughter, Physical Demand Can Fuel Rally
Commodities have been rising on account of demand and loose monetary policy in the US, in particular, where near-zero capital costs have weakened the dollar and turned money managers onto hard assets like oil, gold, and agricultural commodities.
Fresh technically related selling has hit the gold and silver markets hard this week.
FORBES: Comex Gold Lower, at 17-Week Low, on another Commodity-Bearish Risk-Off Day
But the glitter of e-tailing is fool's gold compared to cold hard cost savings through B2B (business-to-business) electronic commerce.
The values companies look for are greatness, gold medal champions and hard work.
Click here for instant access to market timing analysis and specific gold, silver and hard asset model portfolios in Curtis Hesler's Professional Timing Service.
"This gold again confirmed my hard work over the years, because I knew to get this again I'd have to work even harder, " Lin said.
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