One thing about gold is that it is indestructible. Since the beginning of time, all of the gold that has ever been mined still exists today. It may have been melted down into bars or converted into jewelry, but it is still in existence. You would think there is a lot of gold in the world, but that is actually not true. If you took all of the gold in the world and melted it down, a 70-foot cube would be the result.
Gold is a good form of wealth protection because it has retained its value throughout history. There is an old saying that “an ounce of gold can buy a good men’s suit.” When gold was $35 back in the 1920s and 1930s, that would buy a very nice men’s suit. Today, at nearly $2,000 an ounce, gold will still buy a very nice men’s suit. Gold keeps pace with inflation, and gold retains its value.