I was wondering why Gold is so precious. ..generally we cant do anything with it. we can't eat it and can't produce energy with it. Its just a"SYMBOL" of wealth...a converter ..using which bartering is easy...people can exchange goods and services ..but I think its too over priced because it has no inherent value. a kg of wheat or coal or a liter of milk or even a gram of uranium ..these can be used to get energy.. these have an inherent value..but gold..its just a mediator . its symbol of the mediator/broker/contractor class..or symbol of capitalism, who takes the product from the producer and supply it to end user..and for that it takes huge margin making fool of both customer and producer. Unfortunately poor producer is most disadvantaged! The high value of gold represent our social structure. The whole world is governed by few and the larger section is poor and powerless.
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