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May 3, 2012

Gold really has only two markets: jewelry and fear.

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The price of gold has surpassed $1,600/oz. Now, gold is not like any other commodity;
in fact, it is not really a commodity at all, in the sense that its price does not reflect demand for some product for which it must be used. Gold really has only two markets: jewelry and fear. Jewelry is doing alright, since the rich are doing better than ever, but the real growth market is fear. --Be Not Afraid, Even of Zombies

Posted by gerardvanderleun at May 3, 2012 2:19 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Gold is not an investment; it is insurance.

Posted by: GaGator at May 4, 2012 10:36 AM

It is also used in industry, medicine, computers, electronics, dentistry, glassmaking, dentistry, aerospace, to name a few.

Posted by: mjazz at May 4, 2012 6:24 PM

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