[spunkets]

"The gold folks here though, might point out that the value of gold cannot only be explained by currency. It has far exceeded that exchange."

It has an inherent demand as a fundamental component of ornamentals and electronic parts. That keeps it's value stable. Any other commodity that has an inherent demand could and does serve the same purpose.

It has a mysitique which speculators can take advantage of, that extends the magnitude of volitile swings. Since the swings are usually larger, more $s can be made selling the stuff on an upswing and during it's return to a rational price.

[spunkets]

Re: That keeps it's value stable.

I should have said, "keeps it's rational value stable".

[Professional]

100% agree