Ask individuals how much of their assets are allocated to gold and you'll likely get blank stares. Few of them have thought about gold as a viable asset class in their portfolios. However, if you'd have posed the same question to typical investors 50+ years ago, they would have known what you were talking about. Has gold become obsolete as an asset class? Or are today's market participants ignoring important lessons from history?
~ Matt Ford, "The Case for Gold," Minyanville.com, March 2 2007