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<p>[QUOTE=&quot;Neal, post: 25750095, member: 43872&quot;]Actually, gold is quite useful in a number of areas, especially in electronics.&nbsp; Every electronic device you own, even flash drives, have a little.&nbsp; According to an article from the BBC, the typical iPhone has .034g of gold, .34g silver, .015g palladium, less than .00g platinum, and around 25g aluminum.&nbsp; Very small, but not insignificant when you consider all the electronic devices out there.&nbsp; However, you are right overall, because the vast majority of the price of gold is and always has been the imaginary value that people believe it has.&nbsp; Like bitcoin and paper dollars, it is worth what somebody believes he or she will receive for it at a later date from someone else.&nbsp; If enough people believe the value will go up or down in the future, it will.&nbsp; The advantage of gold is that people have held a belief in it for thousands of years, plus, if all else fails, you can make a prettier nose ring out of it than you can paper or bitcoin.[/QUOTE]</p><p><br /></p>

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