In response to:

Finally, My Views on Gold

Alieta Wrote: Dec 15, 2012 6:07 AM
It is only when governments start to recklessly print money that the value of gold seems to matter. If you had an ounce of gold in 1986, it was worth around $250. It is now worth $1700. The average salary in 1962 was $5,000 or so. Our current US dollar is worth 1/10th the 1962 amount. Gold increases in dollar value when the dollar weakens, so a passbook "savings" account is measured in dollars that can buy less and less, while an ounce of gold simply keeps up with inflation. Which would you rather have? While your column gives a fascinating explanation of where physical gold comes from, it remains relatively scarce and governments cannot recklessly print it or control its value. I am sure they wish they could.
NewJAl Wrote: Dec 15, 2012 9:09 AM
Thank you, Alieta. Perhaps, that people cannot create it, is the reason gold is so valued.
Doug3370 Wrote: Dec 15, 2012 11:24 AM
We could find more uses for gold if it were easier to get. Gold is ductile, it doesn't corrode. It's a good metal from which to make the playing head of a flute, for instance. It's a good metal for making electric connections.

“Naught is possessed, neither gold, nor land nor love, nor life, nor peace, nor even sorrow nor death, nor yet salvation. Say of nothing: It is mine. Say only: It is with me.”

-D.H. Lawrence

 



In the beginning, God created gold. And the free markets for them.

The creation of all gold- that which has come to symbolize money- was forged by nature out of a violent cataclysm of a stellar- and singular- magnitude, that was much bigger than a Facebook IPO.

Even today, scientists still do not agree how gold was created. 

They do know that...