Does gold have some sort of magical properties to retain its value?

[JoeTheBro]

Player2 said:

Kasz216 said:
No one said gold doesn't have bubbles. Just that gold is resistant and will never be worthless and always retain some value.

Don't be shocked if gold recovers actually fairly quickly.

Afterall the silly rise of Bitcoins more or less shows how much people trust paper currencies now.

This. Look at what happened to platinum recently:

Gold is safer than platinum, but it's not inmune.

 

Also gold makes awesome paperweights, it's one of the densest elements known :P

True, but lead is usually cheaper ;)