Gold is Harder to Value

The amount mined and consumed is very low compared to the overall inventory of gold. All the gold ever mined is still somewhere and that is going to continue for the foreseeable future. From that point of view I guess it is harder to value – to figure out the price of gold – rather than wheat for instance.

- Jim Rogers via Gold Money:

http://www.goldmoney.com/en-gb/news-and-analysis/news-and-analysis-archive/jim-rogers-nobody-gets-out-of-this-situation-until-theres-a-crisis.aspx