> Commodities have intrinsic value. The conversion rate of gold to USD vastly exceeds the intrinsic value of gold. People are investing in gold far more than

> Commodities have intrinsic value. The conversion rate of gold to USD vastly exceeds the intrinsic value of gold. People are investing in gold far more than they would ever invest in any other commodity. In other words, you'd be a fool to use gold as a commodity material in manufacturing when any other similar material would do, because we've collectively decided that gold has more value than its usefulness as an element would otherwise indicate.