This is relative to fiat.
Gold maintains it's value. The dollar has lost is value.
Everything should be charted relative to ounces of gold.
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Gold does not hold it's value. It declines at the production rate.
Oh ... well get producing then.
Exactly, if the production cost was more then the value produced then no one would mine. The spread between production cost and the price represents the inflation rate in gold.
The production cost listed in ounces of gold.