[B.O. Plenty]

As far as I can tell, gold has no basis of value other than industrial uses and its use for jewelry. When governments cut the ties between their currency and gold, it threw gold into the category of any other metal, like copper.

The reason, IMO that it is rising in price now is the "feeding frenzy".....a speculation driven price rise. Maybe it continue, maybe not. There is no increased industrial demand that I know of that would drive gold prices higher.

If I had a bunch of gold right now, I would take my money and run.

I think there are going to be a lot of sorry people who "get in" at the top.

Silver is another story...governments all over the world are moving to practically ban the use of lead in solder. Guess what takes the place of some of the lead...yyyyeeeessssss.....silver.

[Petronski]

The reason, IMO that it is rising in price now is the "feeding frenzy".....a speculation driven price rise.

Witness all the threads on FR designed to chum the waters.