kelvin8

Gold Prices: Little Correlation with Its Utility

I am not a gold bug, but the old line about gold not having any utility and therefore not being valuable always makes me laugh, especialy coming from someone who is a supposed investment professional.
So by your reasoning, paying a premium for beach front property is rediculous because it is in an iconvenient location. The Mona Lisa is just colored paste on canvas-I can buy those componentsd for pennies, what pay more? You can't eat it or use it for fuel.
Read your own title- Gold Prices: Little correlation with its utility