I think what's missing is the difference between price and value. Price is determined in a straightforward way by supply and demand; value is something more com

I think what's missing is the difference between price and value. Price is determined in a straightforward way by supply and demand; value is something more complicated. Think of the comparison they used to aluminum: Until recently, aluminum was far rarer and more valuable than gold by weight. Discovery of processes to separate aluminum from its oxides made it cheaper than steel. The cost of aluminum plummeted. That's bad if you're heavily invested in aluminum; it's good if you want to buy a car or an airplane. It's the same deal for gold and platinum et cetera. We don't want them because they're rare; we want them because they have excellent physical properties, and in fact the cheaper they are the better that is for everyone. The benefits of abundance of the rarest materials will create a new era of human prosperity which cannot be quantified in terms of current economics. Don't think of it as "sell gold". Think of it as "make computers faster".