“Can you eat gold? No. You can eat and barter Spam”
Nouriel Roubini, economist, Dec 14 2011
I do note that bread may actually have been a better investment than Gold as well. In 1980 the average cost of a generic loaf in Victoria was $0.54 – today this price can be as high as $4.50. Gold on the other hand is about $200 higher than its 1980 peak.