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<p>[QUOTE=&quot;Texas John, post: 1183419, member: 25813&quot;]You&#039;ve hit upon the dirty little secret goldbugs hope people won&#039;t learn - gold is only intrinsically valuable because (some) people think it is. </p><p><br /></p><p>You can&#039;t eat gold, you can&#039;t do anything useful with gold (a few specialized electronic applications notwithstanding). What you can do with gold is show off - it&#039;s hard to find, it&#039;s shiny, it doesn&#039;t rust, it&#039;s malleable and easy to craft into impressive-looking gewgaws. </p><p><br /></p><p>If a future generation looks upon gold as tacky and wasteful, then its so-called intrinsic value will disappear. Because in the end it&#039;s not land, it&#039;s not food, it&#039;s not homes, factories or stores, it&#039;s just yellow stuff.</p><p><br /></p><p>Basing a modern economy on yellow stuff is far less sensible than goldbugs will ever admit. It&#039;s pretty, but so are bubble-headed beauty contest winners, and you wouldn&#039;t want to base the economy on them, either.[/QUOTE]</p><p><br /></p>

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