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1 Comment
Gold’s 'Grand' Illusion [view article]
Basically it all comes down to the same thought - Gold is worthless and is a hype like tulip mania. I have seen so much of this recently that I want to take a different tack on this.If it is worthless, then why do all the central banks own so much of it? Even the US Mint owns so much of it. It could as well sell gold at this "very high" price and get cash to put in something more useful like oil, corn etc. Can someone call them soon?? Think about it a little deeper. I don't want to go into a lengthy explanation here.
Further, the basic premise that gold is useless stands opposite to the historical view and also scientific view. Gold is the best conductors of electricity (better than copper), is the most malleable and hence can be used (and is used in limited quantity) in industries. The only reason why it doesn't get used so much is because everybody(including corporate america) thinks its more valuable than that...
Enough said I think for now. Apr 14 11:12 AM