>You are acting like people just got together and said "hey, let's take this useful hunk of garbage and assign it some value to see how rich we all are". Corre

>You are acting like people just got together and said "hey, let's take this useful hunk of garbage and assign it some value to see how rich we all are". Correct. Gold's value in an industrial sense is no different from any other relatively scarce material. This is precisely why gold is not an investment. Its value is simply a group of people assigning a value to something driven in part by scarcity.