GOLDBUGS AMEX Goldbugs Index (GOLD): Let's face it, gold isn't backed by any...

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Re: RBKissMyAs post# 34032

Tuesday, 08/05/2014 7:23:46 PM

Tuesday, August 05, 2014 7:23:46 PM

Let's face it, gold isn't backed by any currency...it's just a yellow metal that's used in a few computers and some moms like buying it for rings and jewels...it's worthless these days...

With carbon nanotubes coming into the mainstream, technology is moving away from gold.

Why is gold worth 1300 when you can't buy anything with it...

Can you buy groceries with it? nope...drugs? nope...

No accepts gold, it's not currency and it's not backed by currency, making it worthless...Buffet makes sense.

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