Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: shades who wrote (29619)	5/8/2005 5:48:48 PM
From: Elroy Jetson	Read Replies (1) of 116555

Its beyond my knowledge to explain to you why humans have valued gold to the same degree over thousands of years. But they have done so. The value people place on gold is in no way related to its industrial uses. Humans have place the same high value on gold long before gold had any industrial uses. The most telling aspect of gold is revealed by past cultures which used objects other than gold to represent wealth, such as island cultures which used a special type of carved shells or stones. None of these cultures which used something other than gold, to represent wealth, had access to gold. Humans find something intrinsically valuable about gold which I cannot explain, but is easy to document. Some things in life won't yield to your demands of what should be. They just are. .

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