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Gold's Value In the 21st Century: About As Real As the Myth of El Dorado

No simplke answer here. However, I think your gold=currency=value is, as you probably intended, false. At one time we could say currency=gold=value but again, you are correct, that is gone.

The answer comes at least partially from Robert Bohrer's comments as to the vaue of Gold in jewelry, especially in Asia. (Gold sees little use as a manufacturing material other than in jewelry). It is a defactor currency, or wealth asset to millions here.

The lustre of gold is not going to go away, perhaps because of it;s illogic rather than in spite of it's illogic.. I would add gold to the wisdom of Robert Lichello's observation that in nuclear winters only cigarettes, soap, booze, and chocolate have investment value. (as reiterated above by Malkiel). There will always be those that will sell you these things if you have gold in my opinion. Incidentally, I also would have added condoms to Lichello's list.

Time to Buy Gold Stocks: A Vicious Circle Turns Virtuous

Justice, I am compelled to write that of all the insightful, literate comment that Seeking Alpha is awash in, I enjoyed this single piece more than any in a long time. I find myself in that position of being an "early one", and haven't wavered. Your piece articualtes the "why" of this better than I might have ever penned for myself, though the basic thrust of my reasoning is there. I suspect everyone has a natural desire to hear echoes of out thoughts from our peers. In fact, so much so that we sometimes alter those echoes so that they fit what we think we thought. It is a basic emotion. As such, it is one best suppressed when it comes to things financial. However, I cannot resist that "sated" feeling. Many thanks for a superb post.