According to the biggest goldbug I personally know, my father, an ounce of gold should be worth around $10k currently, which I also agree with.
When I ask him the reason behind this, he immediately blames paper gold and how the price of gold is constantly manipulated, which I also agree with.
So then I ask: "What benefits do you see to always worrying about your stash and its storage, plus the the manipulation of gold prices AND having to exchange it for fiat, which ironically, you were trying to avoid in the first place?
He just sits quiet when he hears such questions. He is basically wrong about investing in gold but he can't bring himself to stop.
