The gold standard was replaced with a floated currency during the Great Depression after the stock market crash.  This was a US only activity and the rest of the world did not follow suit (even though some countries did eventually.)

There was a time when using gold for engineering purposes was considered a good thing due to the maleability and condutivity of gold.  But advances in technology have decreased the engineering benefits of gold a bit.

This has reduced the potential that someday world governments would natioanlize gold to be used solely for engineering purposes, a move that in theory could have decreased the value of gold significantly.

Our sponsors at the Monex Deposit company have recently provided a release discussing the historically continuation of a trend where the value of gold continues to increase.

They offer collectors the ability to purchase artistically rendered gold coins and ingots made of gold, silver, and other precious metals.  These artistic renditions may someday have a value greater than the market rate of gold (this is where the collectibility factor comes into play and its not something that you can look at if you are a pure investor) but if you like to gamble on collectibles MDC provides a wide selection of products that you can purchase.

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