I'm not saying they're a bad investment, I just don't understand how a value is applied to them. How is a value applied to gold? For its industrial usage in electronics? Jewelry? I know they've been used for thousands of years, but who determines they're worth? If I decide gold isn't worth being used for jewelry because the only thing worth getting is a watch, do I get to decide on its price?
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With silver, at least, they are manipulated to seem artificially plentiful! You can have unlimited hypothetical 'paper' gold and silver. It is not till people try to take physical possession of the metal that they can call the bluff.