True, but if you sell it at it's peak for pretty money, you can later use that pretty money to buy more gold! Just find it strange that people have confidence in the economy to recover when China is slowing down big time.
There are many nay sayers that say gold is worthless, just pretty color metal while stocks are worth more. They say that have more faith in human capital and ingenuity vs. a lump of metal, but that author had it wrong. I do have faith in human capital, sustainable human capital, and before that stock has value it has to be transfer through the medium of money. It is not the lack of faith in the company per se, but lack of the form of currency.
One thing the author who made that statement also failed to take into account is that stock companies can go bust, Enron, World Com anyone? Dot Com bubble bursts. Gold can drop a lot, even maybe 90% of the it's value but it will still have value in the foreseeable future.