Originally Posted by Longtooths
Are you saying this because of how high it is now that it will only go down from here?
Well, it's extremely high, yes, but who knows about the future price.
I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.
Let me explain.
Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.
Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value. When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.
It's all an illusion. Gold's value is not based on math. It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. I would advise you to do the same.