True value of gold, page-8

When you said gold has real value, do you define value based on your own perception?

Dont get me wrong, Im not saying gold doesnt have value at all. Rather it is more of a philosophical thinking.

What define "VALUE"?

This is not what i think or you think that give value to something. It is what collective thinking that define value, and collective thinking changes from time to time. Gold bug like to look down on any fiat currency, well, over past few years, they are proven wrong again and again.

Maybe one day gold will be "value" again, definitely it will happen again. If this happen after 50 years later, maybe 50 years later fiat currency system eventually breakdown and gold will be the good old standard again....guess what, you will be wrong for the next 49 years. And wrong for 49 years will be a long journey mistake being made.