Thanks. I'm not that good with economics. But I do think gold has its place by virtue of being a valuable mineral.
I don't think gold is bad. I just find it interesting that the best strategy for gold is to anticipate public panics. This means that gold owners are smart investors if they try to induce panic. Such panics will improve their own position.
I am not saying that you are doing this but I do think people should realize that this is primarily how Gold moves up and down as a commodity.