[wendy1946]

The answer is, millions if not billions of times what the world will ever need for electrical connectors and jewelry, which are the only two rational uses for the stuff, i.e. the value of gold is based on psychiatry and not economics or physics or any such.

[newfreep]

Actually, gold is an average conductor at best and silver is the best.

[bvw]

Sorry, doll, but the primary use of gold throughout history — for at least four thousand years — is as a store of value, trading and coinage.

That’s rational too. The reasons being that Gold is rare and highly limited supply, it does not tarnish and it can be divided up quite well. All rational reasons.

[rellimpank]

--as an aside to this, (having really been a gold miner for some part of my life) , I get a kick out of the sometimes assertion that gold is in short supply, inasmuch as virtually all of it that has ever been mined , minus some wear , is still in existence, in the form of jewelry or stored bars--

--it's mostly available , dependent on what amount of paper or whatever you trade for it, subject to the holder's wishes--

[CodeToad]

“the value of gold is based on psychiatry and not economics or physics or any such.”

Then you obviously don’t understand the economics of gold.

Let me help you with that.

Gold is a storage of wealth because it cannot be so easily created and costs lots of money to obtain.

There. Think about that for awhile.