Also, no counterparty risk. A US Treasury bond is just a promise by the US government.

Gold is just there and no country can freeze your assets just because you pissed them off.

And it has inherent industrial value in electronic, jewelry, Gold-palladium catalysts.

In aerospace Gold reflects ~98% of infrared radiation. Used in astronaut helmet visors, satellite coatings, the James Webb mirror, and even as a solid lubricant between moving parts where conventional lubricants break down under radiation.

The list goes on and on.

It will never lose all it's value.

Although the current financial mess has made some question its hedge against inflation the long term graph still looks good.

It has to be said, a large strategic petroleum reserve would be a better idea, but it's too late for that now.