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The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and sits future is highly uncertain.
Source: Storage and Stability Part III, Ch. X, The Status of Gold and Silver, p.0

The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and sits future is highly uncertain. by : Benjamin Graham