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<p>[QUOTE=&quot;Rono, post: 1709927, member: 6492&quot;]Howdy,</p><p><br /></p><p>I&#039;ll start.&nbsp; Gold has some industrial uses where there&#039;s not really too many alternatives.&nbsp; It also has value as jewelry.&nbsp; That said, why it has a &#039;store of value&#039; worth in a lot of humans -&nbsp; WTF knows?&nbsp; I was just at the hard assets show in NYC and one of the presenters put the current supply/demand &#039;value&#039; at ~950.&nbsp; He did not feel it would drop that low but . . . </p><p><br /></p><p>Gold has the value that people see in it.&nbsp; It&#039;s not unlike the difference between truth and perception.&nbsp; If enough people believe a lie to be true and behave as if it IS true . . . then it might as well BE true.&nbsp; It&#039;s what people perceive to be true that matters.&nbsp; Don&#039;t confuse the issue with facts.&nbsp; &nbsp; The same thing goes for gold.&nbsp; If enough people in the world perceive it as being valuable then it is.</p><p><br /></p><p>It&#039;s the same with anything in the market place for sale.&nbsp;&nbsp; I think my widget is worth X and you think it is worth Y and we can only exchange it if we come to an agreement.&nbsp; Now multiply this by a sizeable percentage of the world population.&nbsp; I&#039;ve always referred to as Captain Price.&nbsp; It&#039;s the market.&nbsp; Our feelings and our beliefs really don&#039;t matter when it comes to the market.&nbsp; That is why as investors we have to keep our emotions out of the decision making process.&nbsp; I think there is a quote that &#039;the market can remain irrational for longer than you can have any cash left&#039;.&nbsp; Being right doesn&#039;t matter if you&#039;ve already lost all your money.&nbsp; &nbsp; </p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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