Are people who say Gold has intrinisic value morons?

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Short answer: yes.

I really don't feel like typing out the long answer, if you want it, just search for "goldline" on the HuffPost or the NY Times websites.

gold has biochemical/health issues b/c of its lack of reactivity. It is used to mount tissue specimens for electron microscopy, for example, and it is also the only jewelry that some people can wear.

Gold has become a fetish.

ruveyn

To be fair, that's a plug that the merchants pay for.

I'm amazed how much lame government agency ads are on talk radio considering the conservative nature of the talk hosts.

I think I'm about to buy a couple ounces

Tell me how that goes for you. I'm thinking of ordering that "gold guide" I keep hearing about on AM radio.

Could we flood the market with gold? To cut off the value of gold, and offset the decline of the dollar? Not too long ago, there was a story about huge amounts of precious metals in Afghanistan, I told someone about this and they said that supposedly, there are untapped precious in KY, and it got us to thinking how much potential bullion there is still left. It's obvious that there are more diamonds than what is in the market, maybe the same for gold?

Gold is scarce, which is part of its charm.

ruveyn

I reckon the only things with intrinsic value in our lives is: Food, water, oxygen, and each other.

Anything over that is simply illusion. Now that we have satisfied our needs for food and water we create the illusion of value in other things.

TV adverts do nothing but delude us into thinking that the products they are selling have greater value than they really do. Humanity is good at duping ourselves.

The value of gold is transient. If food and water became scarce gold would have no value at all.