That is not what i said at all. I was talking about the US$ being perceived as safer than other world currencies. I never mentioned the world gold at all. Go back and read the post.
Any way so you think of gold as a commodity?
What is it used for? A small % of the gold mined is taken for industrial uses or to make jewellery.....
The vast majority is just converted to Coins or Bullion and stored...... To what end do you think? What is the point in it?
