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<p>[QUOTE=&quot;fatima, post: 1247725, member: 22143&quot;]The simple response to this, is to ask your friends why the Federal Reserve (the issuers of the the US $) list ~7,500 tons of gold as a financial asset.&nbsp; Anyone can check this on their balance sheet posted on the web.&nbsp;&nbsp; They don&#039;t hold silver, they don&#039;t hold pork bellies, they don&#039;t even hold oil.&nbsp; &nbsp; Likewise, they also have another 7,000 - 8,000 tons in storage in their basement at the NY Fed that is being held for other world governments and their central banks.&nbsp;&nbsp; </p><p><br /></p><p>Gold isn&#039;t just a commodity.&nbsp; It is a sovereign financial asset and this means it&#039;s value isn&#039;t subject to commodity pricing.&nbsp; Gold is traded on the commodity market, but it&#039;s governmental actions that directly affect long term values.[/QUOTE]</p><p><br /></p>

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