This is good. I think you could have went deeper though. It is not that gold is going up in value rather...the value of the currencies are declining relative to the gold and silver (and now Bitcoin). In 1919 the exchange rate between the Mark and gold was 147 marks to 1 ounce of gold. In November of 1923 that same ounce of gold was worth 87 trillion marks. The inflation (hyper) was so bad that 1 ounce of gold could buy a person entire blocks of real estate in Germany during that time.
I think owning gold and silver is highly important. I do think that it is a generation of wealth. If you think about it...1 ounce of gold now is worth 1250 USD...but what happens if it goes up? That same ounce of gold could be worth 2000. What did any of us really do? Nothing...but that same ounce of gold has gained purchasing power (PP).
Good article. I will keep an eye out for more.
Well I mean that it's not a wealth builder only in the sense that it doesn't pay any interest/dividends, but you are right though, nothing competes with gold if there is hyperinflation.
I don't mean to say that precious metals are not important, because in case of severe economic catastrophe it could be an irreplaceable asset. Thanks for the comment!