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<p>[QUOTE=&quot;Drusus, post: 1635982, member: 6370&quot;]No, like I said, the value is perceived to be higher, I dd not say the government was manipulating it (not to say it or private concerns couldn&#039;t). I am saying for it to be currency there must be an authority. A currency only has worth if it is backed by an authority and a market. Besides decoration, gold has historically had no other use save as a measure of wealth, in other words, currency. If it was not chosen for that role it would be far less valuable as a commodity as commodities are more often valued on their practical need, the projected supply and the demand. So part of its value is as a commodity like any other...the other part is fiat...because we say its valuable. Also, historically speaking, it has been almost the sole domain of the powers that be. Today, because there is a commodities market, regular people can spend a lot of currency to buy a relatively small amount of PM from for profit businesses (who insist on the coin of the realm for payment) and put it away in the safe, sure it is the answer to economic instability.[/QUOTE]</p><p><br /></p>

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