That's the thing about gold - no one is paying attention to it until a market meltdown occurs.
Well said by you that "gold is to be used as savings to protect your purchasing power over time", I couldn't agree more.
In the current market situation, when the last crisis occured back in 2008 and right now everything seems to be on the rise again, this whole situation could be a signal for a new crisis to come in the near future. Dow Jones has been up almost 20% for the last year, that's a much faster growth rate than in any other post credit crunch year.
Thus I am certain that now is the best time to allocate a share of one's profits to invest into gold. At least that's what I am doing currently.
Yes. It works the best for long term savings :)
Indeed. Also one thing that I've noticed is that gold as a storage of value becomes more and more liquid. It's much easier to resell the gold quickly at least in the German market in the recent years. Thus the entire process became less regulated not that long ago, so now one can resell a gold bullion by basically posting an offer on local message boards.
Before the issue of the low liquidity of this precious metal was scaring many people of.
Thanks for your input :)