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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (35083)	6/9/1999 10:50:00 PM
From: BGR	Read Replies (1) \| Respond to of 116762

Richard, I am not short gold. I don't short anything. I had some serious questions as I am trying to understand the gold situation. 1. Compared to copper or iron, gold indeed has little industrial usage as is clear from the potential usages listed. 2. I stand corrected. But still it is a value based on an intangible, like tulips or AMZN stock for example. 3. How so? My understanding was that a currency exchange rate is determined by the respective country's terms of trade. That has real life foundations. Central Bank interventions only have short term effect. 4. USD provides an even lower interest rate as collateral. 5. Even the supply of Argon is limited in nature. Price is determined by both supply and demand. What is the fundamental reason for which gold should have a demand justifying its price? -BGR.