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Yes over 1000 years you could be right given that land value is also related to the rise of civilisations (and their subsequent fall).

. I was hedging against a stupid reply like what about those countries with limited land supply. But in reply in to the rest of your comment, i politely say you are wrong. The land might be limtless, but the underlying value of a single spot of land at at specific point in australia is...

to my first post above, consider the cost of finance, ie if one wants to leverage, how much does it 'cost'. And i'm not talking long term property here, i'm talking speculation in resources. If my cost is effectively zero, then so long as the overall trend is upwards, i am not paying...

Yes but to what extent is it held as stock/wealth because of the current increase in price. This does not mean that gold is worth current prices. Only that gold can be exchanged for current prices, and it the sh**t hits the fan, that someone holding gold will be able to get 'something' in...

in the short term yes, over longer periods no. As gold prices increase there are increased incentives to increase marginal supply of new gold. As the price goes up, more and more marginal participants can participate. Underlying land is fixed. (this doesnt mean that land prices cant...