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<p>[QUOTE="Cloudsweeper99, post: 73911, member: 3011"]I disagree about gold being a commodity, at least in the normal sense of the term. Most of the gold ever mined since the beginning of civilization is sitting in central bank vaults around the world or has been fabricated into jewelry. A very tiny percentage is actually consumed. Regarding it being cyclical, it's tough to prove whether the price of gold is fluctuating or the value of the dollar used to purchase it. Unlike commodities, the decrease in the marginal utility of gold is very close to zero. This, combined with the unique physical properties, has made gold the most popular form of money in history, except for the last 70 years.</p><p><br /></p><p>Of course, none of that gets you any closer to a sell or hold decision on the coins. I would hold them, but it's more of a personal choice than something that can be demonstrated as fact.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 73911, member: 3011"]I disagree about gold being a commodity, at least in the normal sense of the term. Most of the gold ever mined since the beginning of civilization is sitting in central bank vaults around the world or has been fabricated into jewelry. A very tiny percentage is actually consumed. Regarding it being cyclical, it's tough to prove whether the price of gold is fluctuating or the value of the dollar used to purchase it. Unlike commodities, the decrease in the marginal utility of gold is very close to zero. This, combined with the unique physical properties, has made gold the most popular form of money in history, except for the last 70 years. Of course, none of that gets you any closer to a sell or hold decision on the coins. I would hold them, but it's more of a personal choice than something that can be demonstrated as fact.[/QUOTE]
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