B12B

Is It Time to Buy Gold?

"Gold has utility as jewelry, tooth fillings, electrodes, and a few other places; and this gives it a natural price floor and ceiling:"

I find there to be way too little consideration of the foregoing. A recent breakthrough>report... in the journal Nature<points to an upcoming utilization of gold, replacing not only platinum as the catalyst of choice but opening the potential for a fast array of applications, making the metal much more of a "utilization commodity" then heretofore possible.

On Dec 05 11:28 AM AlexR wrote:

> Gold has utility as jewelry, tooth fillings, electrodes, and a few
> other places; and this gives it a natural price floor and ceiling:
> at some price point it's a bargain, but if it moves too high there
> is just a lot of other stuff the average person would rather buy
> with that money. This little bit of utility combined with non-perishable
> composition and ease of transportation justifies a certain secondary
> utility: as a means to store value in the very long-term at very
> low cost (inflation protection, no fees and no taxes, wow!). But
> to extrapolate that into some sort of miracle investment that can
> only go up (especially in a recession) is really stretching the facts
> too far.