SPDR GOLD TRUST ETF (GLD) 112.94 $0.64 (0.57%) 08:08PM (15 mins delay)

Every time gold has a big up day like today I see a lot of forum comments from people that say "you can't eat gold". Or, "I'd rather buy some farm land". Or, "Gold is no different than any other commodity, why not buy silver? Look, in percentage terms silver went up twice as much as gold today!" Or, "Gold is not good for anything. It is useless. Its value is a myth!"

What all these people don't understand is that gold is truly only a wealth asset. It is a tangible, tradable wealth asset that is valued by central banks, by the elite, by the wealth giants of this world, and even by the little guy. Especially in regions outside of the US dollar currency zone.