When you own gold you're fighting every central bank in the world.

[shikamaru]

It is my understanding that gold could be purchased in exchange for FRN's during inflationary times, and then sold later, at a perhaps higher price, and if the proceeds from the sale were redeemed in lawful money, no tax would be associated with the transaction.

You are better off focusing on arbitrage between two or three metals rather than valuing metals in FRNs.

[Chex]

You are better off focusing on arbitrage between two or three metals rather than valuing metals in FRNs.

My question is why are they (they signed a pledge not to buy gold from) still mining if gold is not money?

And what of the No Dirty Gold campaign, in which more than 50 gold buyers and retailers, including Zale (ZLC), Wal-Mart (WMT), QVC (LINTA), and Balfour (the graduation ring company), signed a pledge not to buy gold from the Pebble Mine? Is “dirty gold” becoming the new conflict diamond? http://finance.yahoo.com/news/why-mi...143342651.html

[shikamaru]

My question is why are they (they signed a pledge not to buy gold from) still mining if gold is not money?

And what of the No Dirty Gold campaign, in which more than 50 gold buyers and retailers, including Zale (ZLC), Wal-Mart (WMT), QVC (LINTA), and Balfour (the graduation ring company), signed a pledge not to buy gold from the Pebble Mine? Is “dirty gold” becoming the new conflict diamond? http://finance.yahoo.com/news/why-mi...143342651.html

Gold does have industrial purposes.