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<p>[QUOTE=&quot;Cloudsweeper99, post: 1536171, member: 3011&quot;]Well, in the case of stocks, the intrinsic value can be calculated.&nbsp; When the intrinsic value is greater than the price, it&#039;s a buy.&nbsp; This, in a nutshell, is value investing.&nbsp; In the case of gold, the intrinsic value is the cost of production.&nbsp; So right now gold is above intrinsic value, but it&#039;s a bull market and it looks like it will continue for awhile.&nbsp; But intrinsic value is like a rubber band constantly exerting pressure up and down to bring the price back into alignment with intrinsic value.[/QUOTE]</p><p><br /></p>

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