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<p>[QUOTE=&quot;starbuxinvestor, post: 1709909, member: 39708&quot;]<b>I have posted this elsewhere but interested in opinions here:</b></p><p><br /></p><p>This is something I have pondered for several months now and I would like to </p><p>have a civil and thoughtful discussion on. What I have for a long time tried to </p><p>wrap my head around is why Gold is perceived to have intrinsic value and in </p><p>essence why something dug up from the ground is inherently more valuable or </p><p>different than something off a printing press. Even at $1,400/oz. in today&#039;s </p><p>buying power Gold would make an illogical currency since people would literally </p><p>be trading dust for the vast majority of purchases. Oil can be used for energy </p><p>and power cars, corn can be consumed so I see their intrinsic values but is Gold </p><p>irreplaceable in any critical function in the modern world. And if the U.S. </p><p>economy collapses and we default on our debt who in the world would be left </p><p>standing when the world&#039;s largest consumer stops buying and can&#039;t pay their </p><p>credit card, certainly not the Chinese. So can someone help me understand the </p><p>scenario where we have a world where Gold is hyper valuable? It seems to me if </p><p>the U.S. were to collapse we would shoot past Gold to barter. This is a sincere </p><p>question I really want to understand. Thanks.[/QUOTE]</p><p><br /></p>

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