http://onlygold.com/m/Prices/Prices200Years.asp

In 1980, gold price was close to $600/oz.

Gold is a commodity, price goes up as well as down.

If gold price could dropped by over 70% and stayed depressed for over 20 years, how could it use for hedging ?

Gold is almost useless industrially.

You bought gold since 2002, what is your take of gold price vs djia index for the next 10 years?
Industrial uses such as?

Boss, he did make a few predictions, explicitly on Grexit, DJIA, London property, Oil, RM, and Shanghai stock market. All I can say is his prediction is very consistent 

Just for your consumption and amusement, he made the following predictions :

1. Predicted Greece will exit Euro 1 week before Greece decides
2. Recommended buy DJIA when it was 17xxx late last year. DJIA went down to 15xxx. Luckily recovered back to 17xxx now
3. Recommended London property like Battersea. Early this year it was reported the project was down 20%
4. Predicted oil continue its down trend when it tanked to mid-20s just earlier this year
5. When RM was close to 4.45 in recent months, predicted further depreciation
6. Recommended buy Shanghai stock when it reached 5xxx point mid-last year

I am sure you know what happened to the above predictions.

Let's see what is his recommendation on gold price. And also his predictions in my signature will come true or not 

Less than 10% of gold mined is used industrially.
http://www.businessinsider.com/global-supp...?IR=T&r=US&IR=T
showtime747 is my loyal follower, he double his wealth every year and he is going to double again from gold purchase.

Guess you didn't sell at $1900 and still keep your gold.

Over 80% of gold mined still remain in circulation.

Yes, cow can fly.

If you really bought in 2002, you wouldn't forget MYR was at about 3.8 to US$.

Better sell ur gold now!!! Its droppin fast!!!

See gold drop liao nobody belip me...

Gold just drop -22usd!!! At the time of this writing...

They been saying gold will go to the moon since forever lol...

You crazy gold will drop like hell as soon as soon as brexit worries ease and ppl realise that gold is a waste of money...better invest in stock lah..

Is UOB gold good gold investment (spread is small compare to other banks in malaysia)?

Copper, iron, coal, aluminum, palm oil, fuel oil value doesn't go down to zero either.

Gold is one least useful metal, is a commodity, is for speculation.

There is a difference between least useful ( in industrial applications) and unuseful. Most bought gold for the sentiment value or blinded by greed.

Cowry was accepted as currency also.

Over 80% gold mines become jewelry and investment, and most if not all will be recycled I.e amount available is accumulating.

If gold could hedge against fiat money, today's gold price should be over $2000.

Like cowry, gold value is sentiment and perception.

Both is history, is trade on sentiment.

Gold like equity have their Up's and Down's. Gold get smashed since the past 5 years and keep manipulated, very soon the market will correct the situation...Gold may be no more affordable like now! 

How much of this gain is from rm depreciation against usd?

RM1200/USD230 => USD 1= RM5.2?

Are you saying your gold was all bought or first bought in 2002?

So you bought gold twice only?