Gold pattern pointing up, page-464

Hi Skol, your theory about gold's near-zero intrinsic value is nonsense. If you're talking about picking a nugget off the ground, probably about 10 tonnes worldwide, then you could argue it's cost is near zero. For the other 3190 tonnes, it's $1000/oz, the cost of production. When you rear one of your cows, is it's intrinsic value near zero? No, it's COP plus a profit plus what the market will pay. Same with gold. Only a bankster troll would say it's near zero.

The problem with not giving a continental about millions of Chinese losing their shirts is they may want to replace them with yours