[chuck_the_tv_out]

“It has no utility.”

Yes it does, jewellery. Without that one utility (and slight electronics which would not be there at higher prices), it would be NO DIFFERENT FROM A FIAT CURRENCY. Artificially inflated value beyond real value.

[green iguana]

Everyone knows the price has risen about fivefold in the past decade... It is simply because there have been more buyers than sellers.

I stopped reading right there. That's the most idiotic statement in investing.

[pgyanke]

Gold is no different from any other commodity... its value is determined by supply and demand. We haven’t come close to exhausting the supply (there’s far more to get when the price is worth the effort) and in a true global crisis, who will be demanding it?

[keats5]

Of course, chances are that civilization won’t end, and we won’t all be fighting for toilet paper. We’ll just have hyper-inflation and our paper currency will lose value, or the stock market will crash again. In that case, gold will help people weather the storm without wiping out all their savings.

I wish I had some of my kids’ college funds in gold before the stocks went south. Gold isn’t the perfect investment for every scenario, but it does have its’ place in a well balanced portfolio.

[Yosemitest]

Why this article, now?

Are conservatives hoarding all the gold that liberals want to buy?

[BluH2o]

Gold is volatile. It's hard to value. It generates no income.

If you bought gold at $400 an ounce as I did five or six years ago, you're in good shape. I have some vintage gold coins purchased at $1200 on average, now worth over $3000 each. My only regret is that I didn't buy more.

[Gilbo_3]

talkin to an ole timer last nite that lived thru the last depression...’nobody had ANY money...even the millionaires were hurtin, they mightve had $10 mil in land [or gold] but it was vitually worthless if nobody could afford to buy it’...

[Alex Murphy]

ping for later

[two23]

bump, thanks

[upcountryhorseman]

Wrong! gold also has monetary value and, when we were on the gold standard, it served to contain excessive debt.
When inflation in this country hits triple digits, ask me then about the value of gold and gold coins.

[rightwingcrazy]

600 year gold prices in 1998 dollars. The historical average shown is $627, i.e. about $850 in 2010 dollars.

[jiggyboy]

A few rebuttals to this article, noting all the varied logical fallacies, trite and shopworn fake arguments, etc.

http://www.lewrockwell.com/north/north849.html

http://www.acting-man.com/?p=2165

[Monorprise]

As I have said before, gold is not the only “hard asset” in the world. It would be foolish to trust just one.