Yes & No.

Gold has its dark day as well. Gold never rise steadily period from about 1980 to 2002. It stagnant throughout 20+ years. While others investment asset give more than 200-300% (even for pathetic FD) or even more for properties, stocks etc.

Gold is not a backbone of monetory system.
Printed money is not backed by gold. Although more gold in the coffer can instill confidence on your money. But printed money is not backed by gold.
Also there is not enough gold to back all the money out there.
Gold exist or not, doesn't alter the current financial system.
Gold is just another investment class out there in the financial system.

Use gold to measure against goods, price never change?
I don't know the answer, but I only know,
1980 1ounce of gold cost USD 300, while a bowl of hawker mee, cost RM0.20
2011 1ounce of gold cost USD 1700, while a bowl of hawker mee, cost Rm4-5.

So price got chance or not? 

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Added on November 29, 2011, 3:31 pm
Why should we feel sad?
Afterall paper money(fiat) is a manmade inflationary TOOL used by the powers that be to screw the honest public.

Guys,so I had decided to make an investment in gold,I am actually at the age of 16, I had actually planned to saved all my money and by 18yo,I will be having enough money for gold rolling.Since I saw what harris posted(lurking here for quite sometimes) .I had many thinks wondering in my mind,
Let's say,if I buy gold from either physical or paper? Do both require a minimum age of 18 or only the paper method?
2nd questions would most likely be ,So I buy some gold physically for a month and I had decided to sell it the next month,would bank accept it? as in 10g or 20g?..Thanks or either 5g?..You are very welcome to give me an answer Thankyou and is physical gold,how do I sell it? 

may i ask, if the market rate states RM 173 , does it mean that i should be able to get a PamP swiss Gold Bullion for 100gm at RM 17,300  nett or it is determine by the gold seller how much they wanted to sell??

know what happened? how iran issue + Ben Bernanke will affect the gold price? can some sifu explain abit?

Bro, newbie to gold investment here. I just checking why gold dropping from 175+ to 169+ (PBB GIA) today. Dont really get what you mean eat people word or not. Just wanna learn how it related.

Failure of banks, if you read my previous posts does not mean closure.
It means it morph into another form costing the custimer lots of pain.

i am already trading gold and the failure has ALREADy happen
AND is still

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Added on March 9, 2012, 2:22 pm
i waited only 2 to 3 years from 2002 and i saw the value maintained in gold.

If you think gold is useless relic sell it to me at USD1 per gram ler..... 
i give your fiat which maybe maintain your value......