I think the value of gold or more like the value of a painting....

I think the value of gold or more like the value of a painting. The real cost of a painting is $5 of canvas and maybe a weeks work. How is it that some paintings are sold for $100,000,000? Some for more.

The idea that paper shufflers dictate the price of gold is only correct short term. It really comes down to supply and demand. Halve the supply and then see what happens. There will always be people that want to buy physical gold and the less there is of it the more they will want to buy it.