Quote:
Originally Posted by MS Fowler
Isn't Gold simply a measure of the devaluation of fiat currency? Gold has intrinsic value.
No, I'm not invested in Gold.
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I'm sure it does have some intrinsic value, but I doubt that value is close to it's current price. The price of gold seems to being driven up by speculation at the moment. The only meaningful way to measure the value of a currency is against other currencies.