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<p>[QUOTE=&quot;coleguy, post: 1183322, member: 9167&quot;]I guess what I was asking, is what makes gold have intrinsic value above other things with obvious value? I understand the world&#039;s governments hold it in reserve. But why? Is that all that makes it valuable? It&#039;s not rare by any stretch of the imagination. It has very little use other than as wealth, which isn&#039;t backed by anything. I&#039;m not arguing it&#039;s value, as thats obvious, I just want to know why it has value above any other metal. To my eye, it looks like the diamond industry and DeBeers, where value was based on control, not supply and demand, and we all learned diamonds are as rare as dirt in the process, damaging value and sales world-wide. Therefore, gold value, like fiat money, is based solely on faith.</p><p>Guy[/QUOTE]</p><p><br /></p>

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