A similar thing is ocurring with bitcoin now however it is much easier to buy and store btc for the layman than it is for them to buy and store gold.
Adoption due to technology is also faster, essentially gold has been $1600 an ounce for a while now, BTC has a way to go before it stabilises but after $200 a coin we will see less daily fluctuations because a $10 change in price is actually only 5% of the overall value
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this chart shows the historic gold price over 36 years:
http://goldprice.org/gold-price-history.html#36_year_gold_pr...
A similar thing is ocurring with bitcoin now however it is much easier to buy and store btc for the layman than it is for them to buy and store gold.
Adoption due to technology is also faster, essentially gold has been $1600 an ounce for a while now, BTC has a way to go before it stabilises but after $200 a coin we will see less daily fluctuations because a $10 change in price is actually only 5% of the overall value