Your arguement here doesn't make sense. True, gold is a commodity, but it's value simply as a metal, strategic or not, has a miniscule global industrial footprint in comparison to it's massive monetary footprint. If it's simply strategic or industrial, why do central banks worldwide store it? And why does the USA have the largest stockpile in the world at 8000 tons? They don't keep nearly that much oil by comarison, which would be a much more important commodity compared to gold's industrial uses. It's largest stragetic value is as a reserve of money. Commodity? Yes, but the commodity of choice for storage of wealth for 5000 years of market transactions. You should read about the history of paper currencies sometime. And I don't mean just the dollar. Read about the continentals or the French assignats, or a number of others.
Obviously we could go on about this stuff forever, but I will get down off my soapbox now. The government won't confisticate my gold until they come to my house and figure out where I buried it, lol. I wish I had a solid gold tractor. I could be happy the rest of my days with one of those. :)
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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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