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Buying precious metals before the election


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Old 01-12-2017, 01:53 AM   #71
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Quote:
Originally Posted by JonM View Post

the only reason gold and silver still have value is because they are heavily used in producing electronic components and diamonds are used as abrasives.
Perceived scarcity (diamonds) and perceived ability to retain wealth/hedge inflation are 2 more reasons.

Value is in the eye of the beholder.
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Old 01-12-2017, 03:51 AM   #72
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If gold has little value why are Russia and China both buying up so much?
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