On: For the first time, the Fed is losing money

[mcv]

What is the odd statement here? You know very well what I'm talking about, and yet you want to play dumb? The value of gold as financial backing does not come from its electrochemical properties. You know this. So why keep pushing that issue?

[mrWiz → mcv]

I think that rephrasing

> I don't even see gold as having intrinsic value; it only has value because we agreed to consider it valuable.

to something like

> Gold's value in financial backing outstrips its intrinsic value

would improve the message.