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Old 12-01-2005, 02:51 PM   #6 (permalink)
martinguerre
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Location: New England
gold doesn't have intrinsic value, save that it is used in manufacturing processes.

platinum is, as i understand it, more value per pound as far as industrial uses go.

but gold as a financial commodity is just as unstable as any other currency. it can be inflated by discovery of new ore, or have it's value flucuate wildly against other forms of transaction.

In short...it can be useful in hedging against a falling dollar. But only because that's the way it functions economically, and thus subject to change. The atomic structure of gold does not give it financial properties.

Export funds or Euro based funds, IMO, are a better protection against dollar devaluation.
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