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It's not. The productive (e.g. industrial or jewelry) utility of gold is about USD $80 per ounce. But the price is at over $1200 per ounce. In effect investors
by whatyoucantsay 9y ago
It's not. The productive (e.g. industrial or jewelry) utility of gold is about USD $80 per ounce. But the price is at over $1200 per ounce. In effect investors haven't just not been ignoring gold, they've been buying it at such a rate as to pull it away from its intrinsic uses.