Um, so you haven't noticed the rise over the last decade? From $1220 to $2085.
Here, in Thailand, the locals both hold and trade gold, it trades very close to spot with the shops on about a 1.2% margin on their leased gold.
I see that some things are worth a lot, like diamonds, who wants a sparkly stone?
But me thinking it's stupid doesn't stop the trade or people making and losing money.
I accept its cyclical so constantly talking down a commodity when its in an uptrend just has people scratching their head and wondering about the bloody mindedness.
