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<p>[QUOTE=&quot;Troodon, post: 25534372, member: 4626&quot;]Well that&#039;s the thing; gold only has value if there&#039;s a functioning economy to give it value.&nbsp; If there&#039;s ever a total economic collapse, gold is just a shiny rock you can&#039;t eat.&nbsp; Granted, I&#039;m not particularly worried about that happening anytime soon.&nbsp; But it only has value so long as it can be exchanged for things you want or need.&nbsp; Which makes it really just another form of currency, so long as there&#039;s an economy it can be used in.</p><p><br /></p><p>It&#039;s not hard to find places where you can exchange gold for money, but try paying for gas or groceries with it.&nbsp; Not directly, you can&#039;t.</p><p><br /></p><p>I&#039;m not asserting that gold has no value; that would be a really silly thing to say.&nbsp; I&#039;m just saying the price of it rising shouldn&#039;t make people go into&nbsp; a panic and buy it up immediately.&nbsp; Look at the inflation-adjusted graph again: this is not an unprecedented peak, and it&#039;s almost certainly going to head back down eventually.</p><p><br /></p><p><br /></p><p><br /></p><p>Gold can also be taken away from you.&nbsp; Much more easily than land, in fact, because as you yourself pointed out, it&#039;s portable and concealable.[/QUOTE]</p><p><br /></p>

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