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To: CIB-173RDABN

Anything over the intrinsic value of gold depends on psychology, people thinking having gold is a good thing.

History has proven them right on more than one occasion.

18 posted on 12/20/2014 12:10:14 PM PST by Oatka (This is America. Assimilate or evaporate.)

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To: Oatka

True, when it comes to individuals.

I am referring to a nation. The question is why does a nation need to stockpile gold?

Maybe I am looking at this wrong. Is it possible they are buying gold with US dollars (they got from their sale of oil) with the thought that the US dollar is going to take a big hit?

Maybe I should buy some gold myself ;)

19 posted on 12/20/2014 12:30:00 PM PST by CIB-173RDABN (I do not doubt that our climate changes. I only doubt that anything man does has any effect.)

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