The Inevitable collapse of the dollar

[BigPapaVol]

I don't doubt BPV and Droski know something about gold dropping in the near future. What I am arguing is that the use of gold is going to go up dramatically in the medium range future (~5 to 10 years). Its commercial appeal is staggering for future growth.

but people aren't going to pay precious metal prices for commercially viable gold.

 

[droski]

but people aren't going to pay precious metal prices for commercially viable gold.

i guess that's my question. i had been under the impression that pure gold was rarely used for commercial purposes anymore.

 

[MontereyVol]

Interesting. my understanding is that it's use for chips was dropping considerably.

but people aren't going to pay precious metal prices for commercially viable gold.

Ok, maybe we are talking about two different things? The mineral gold is the preferred choice in chips but there are other metal substitutes to be used.

To be honest I have no idea between commercial gold and precious metal gold or that there was even a market difference.