Gold has always been considered a haven for capital. The obvious proof is that governments keep a reserve of gold. They do so because in war the only money the losing side can use to buy things is gold, because in extreme situations government promises are worthless and only gold is acceptable for payments. Many gold buyers hold a similar position. They do not trust any promise made in paper and are happy to swap their paper and electronic money for a metal that is hard to fake. Gold can be faked or diluted as a depositor of gold in the U.S. found when they were repaid in gold bars made from coins rather than allowed ... (full story)