[actuator]

I doubt most consider gold to be a worthy long term investment for pure returns as there are products that have performed better than that.

It is extremely good as a currency hedge though. BTC was also touted on the same lines with assumptions like finite supply etc being thrown around. Sure, it bounced back when liquidity returned and now has more returns but that extreme volatility and liquidity crunch period saw BTC fizzling out while gold held up decently well.