Maybe he knows something you don't. Like the market going to $700.00.
Market values are set by buyers and sellers. Sometimes it just takes one buyer/seller to set the market (other buyers and sellers) going.
If buyers are willing to pay $600.00 for $500.00 dollars worth of gold then that gold is now worth $600.00.
Intrinsic value is completely different from market value. Gold doesn't have an intrinic value it has a value set by the market. Otherwise it has no greater value then lead.
I didn't see JWheatons point as a good point.
Of course I saw my point as a good point though!
