Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
I agree. Value comes from its utility.
can i eat gold? most probably not. I can exchange it for goods if the consensus is that it holds inherent value.
That is an if
I am not saying that USD or any fiat currency has inherent value. Value is all based on society's consensus