I have over time become a big believer that gold represents a store of value. As such its price should be its replacement value. When you consider the effort involved in locating gold and extracting a mere couple of grams from a ton of ore, the energy associated with the process etc. you can come to a price objectively.

Gold is honest labour, fiat currency is dependent upon the integrity of people .... you can fool some of the people some of the time, but you can't fool all of the people all of the time .... even if you do control the media.

orgy