Originally Posted by W*GS
Gold has no intrinsic value.
There is a reason countries are demanding repatriation of their gold supplies overseas, China and other countries are buying gold and silver in huge quantites and the government is suppressing the price of metals by any means neccessary right now. Everyone knows fiat worldwide is in a death spiral and they are searching for a medium that holds its value no matter what stupid things the federal reserve and other supposed smart people are passing for monetary policy these days. Bernanke is printing $85 Billion a month right now to prop the system up, when that stops so does whats left of the economy. Gold and Silver have value and that value will jump to extreme values in a short amount of time.