Is Gold considered as investment or insurance?

[yeokiwi]

After 1 year and half, my thought about gold has changed greatly. Now I hold the thought that in the longer term, the worth of gold will be 0.

Cannot be 0 mah! Can be cheap but at least it's still good for making hi-fi cables.

Gold is the premium barter trade metal if your country's currency sucks.
It's great because the amount of gold in this world is more or less fixed.
And.. it will not oxidise, very compact and easily verifiable.

Barring a successful nuclear fusion technology, gold should have some value if the copper cables in my house are worth a few coins.