I don't disagree with your broad observations, however, given the absolutely extraordinary historical period that we are currently living through, I would argue that gold will, without a doubt, prove to be a good shorter-term investment as well. By which I mean that when – not if – the ludicrous attempts of governments and central banks around the world to print their way to prosperity inexorably crash and burn, gold will be a prime, if not the prime beneficiary. Paper claims will be exposed for what they are, and real assets will be in tremendous demand. Timing is tricky, but I am certain that over the next few years, and very likely sooner than later, gold will trade at significantly higher prices.