Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

My problem is that the price of Gold, being far above its intrinsic value, is completely subject to popular opinion. If popular opinion decides to price Gold based on the $US/Euro ratio, we could just sit and helplessly watch our investments deteriorate as both the $US and the Euro depreciate.

I wonder, BTW, what gold would be priced at if it had no currency value...
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Fortunately, my friend, your problem is easily resolved....

Simply take a couple doses of reality and see that it is what it is and that by unnecessarily hanging demons on the wall you just might scare yourself out of a helluva nice move.

Why waste time wondering what gold would be priced at if it had no currency value is just silly as nothing could be further from the truth. I can't think of anything that has had value for as long as gold has.... Can you?