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Pastimes : All Clowns Must Be Destroyed
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To: pater tenebrarum who wrote (39281)6/13/2000 10:31:00 AM
From: Tommaso  Read Replies (1) of 42523
 
Since gold is no longer officially linked by law to any currency of any importance, yes, I do think that it is a commodity. Unlike most commodities, though, little of it is consumed.

of course, it is a commodity that is easier to store than anything else except platinum (that I know about or that is regularly bought and sold). So it does serve as something of a store of value.

But gold is kind of like a European royal family. Still respected and valued, especially by snobs like me, but more decorative than functional.

I have held a supply of Canadian maple leaves for quite a while and it sure is easier to acquire them than to decide how to get rid of them. I also own some 24K likenesses of Inca emperors in mint condition--or maybe they are Brazilian indian heroes--that were a sort of under-the-table gift to an American military officer many years ago, and I swear I don't know what to do with them, either. Gold value currently about $1,500. Maybe I should sell them on ebay.
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