Gold is bought when people think stocks and shares are too risky, as it has a fundamental value.
No it doesn't
It has a price, which is whatever someone is willing to pay for it.
Yes it has got a fundamental value. Obviously the price per unit varies.
Rubbish.
So what do you think is the fundamental value today, and what do you think was the fundamental value a year ago?
And what do you think will be the fundamental value in a year's time?
No, you are obviously right. Tomorrow it could be worthless. Not so long ago it was of so little value that it was being used to make railings, and cooking pans. Unlike shares in companies, which are always of high worth. I'm relying on my Woolworths and Comet shares for my retirement.