The Gold Myth; the Longest Running Delusion in History

Editor's Note: We fully appreciate that gold is a valuable investment in the matrix.  Because it's priced in dollars it will likely continue to skyrocket in perceived value.  However, in this article, Richard William Posner 'Interrupts Our Regularly Scheduled Programming' about gold in terms of money and human necessity.  Readers are encouraged to debate this topic in the comment section.

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Richard William Posner
Activist Post

"Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence." -- Robert Anton Wilson

Can someone please give me a sane reason why anyone would pay over fifteen hundred dollars for an ounce of shiny metal that has virtually no intrinsic value?

Or, better still, how about scientifically verifiable proof that gold is actually worth significantly more than a steaming pile of dog shit.

It's my guess that most people who read this article will go ballistic, call me names, insist that I'm simply ignorant, have no understanding of "economics" and that the gold standard is the only possible solution to our economic woes. Yet not a single one will be able to offer any real reason why gold is actually "valuable".