Stever530

10 Reasons Why Gold Has Further to Run

"For many years, the global demand for gold has exceeded what has been produced by the worlds mines." This goes for everything in a free market. The price reflects the discrepancy between supply and demand. If anything, this argument suggests that gold is overvalued since the prior price reflected it's inherent usefulness. Gold doesn't corrode and is an excellent conductor of heat and electricity. Other than that, it simply isn't that useful. It's far too soft to be used structurally. It's inherent value is far below today's price. I say, short gold for a big return.

What's the Mainstream Missing on Gold?

I think you are on the right track, but I don't think gold is the proper standard. Energy should be the standard for US currency. Energy is the driving force of the economy. As a resource becomes more scarce it requires more energy to obtain it and therefore costs more money. With the current system we are rewarding those who manipulate the currency instead of those who do work. By work I mean produce or expend energy, and not those who manipulate others.