Why is Gold Worth so Much?
I have been asked this question a few times recently. Just now we are seeing gold that is topping $1200 an ounce, and of course the optimists are hoping for $1250, or even $1500! But we know that we cannot eat this shiny metal, it does not appear to cure cancer, and we certainly cannot burn it for heat. Is the value of gold a leftover from some more primitive times when it was valuable because it was shiny and scarce?
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