"Even though critics will not tire of discrediting gold as the barbarous relic and yesterday's money that has no place in modern society, we would like to ask the question what timeline they have looked at. "Natural laws" such as "property prices don't fall", "US Treasuries are risk-free", or "The Earth is flat" may have applied in the (recent) past, but if we broaden the (time) horizon, we find that the picture changes. The mere extrapolation of the past leads to disastrous results in the long term. Gold on the other hand has a track record of 6000 years as the currency of last resort and has never turned worthless."
Ronald-Peter Stöferle, In GOLD we TRUST