[nopardons]

And so do many people. Actually, it is the purchase of jewelry, that is driving much of the uptick in the gold market now.

[Proud_texan]

Indeed, it seems to be a heavy demand from India and Asia that it driving a lot of the price increases lately. Both seasonal and those areas have some spare cash.

I had this debate just the other day with someone and they kept telling me I was nuts but my contention was that other than for some industrial purposes gold has no value. It's like freaking tulip bulbs, it's only valuable as long as we think it has some value. He insisted that I was nuts.

Of course he probably didn't want to tell me that he had purchased gold in 1980 @ $850 an Oz. and was pumping it to avoid a loss (grin).

[Christopher Lincoln]

I think that's very unlikely.