Gold doesn't have some "godly" intrinsic value. But it does have intrinsic value, and more than a piece of paper. Gold is useful in numerous industrial applications, as well as jewelry. I guess you can use paper to light your fire with or have your puppy pee on it. Personally, I would rather have an ounce of gold than 1500 pieces of paper representing someone elses debt if push came to shove. There will always be someone wanting to give me their paper for my gold, but not necessarily the other way around.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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