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Message:: [QUOTE="mikem2000, post: 2292241, member: 30574"]Well, I am not certain if I will see it or not, because I don't see a total Gold collapse in the foreseeable future (next 20 years or so), but I do believe it will someday fall out of favor and collapse. The reason is simple, Gold has no real value. It has some industrial uses, but that is relatively minor.  For the most part it is a useless yellow metal. The only reason it has value is because a quarom of folks AGREE it had value and it is in limited supply. It is very fiat like.Fiat currency is limited in the respect there is only as much as the PTB print, and a quarom of folks agree on its value. It's the same thing Sure, people use is for jewelry, idols, coins etc. etc., but Why???? There are certainly better materials for these things.  Well,  the reason they use Gold, is because Gold has value. It is actually the reverse of how most things work. Most materials have value because of its uses.  Gold has uses because it has value.  Soooooo... all that needs to change is people's perception. It may take a while, but I believe someday, folks will put the appropriate value on the useless yellow metal and the bottom will completely fall out.  As far as the true industrial uses, the amount of Gold in vaults that is just sitting around collecting dust can meet that demand for a hundred years without the need to mine another Oz.[/QUOTE]