????即使影響沒有那么直接,，投資者仍然可以從這些局外人的想法中得到一些啟發(fā)——最極端的黃金狂熱者的頑固態(tài)度和災(zāi)難預(yù)言是解析黃金本身的一個機(jī)會。任何一個交易日的黃金市價都包括非常小的一部分工業(yè)價值和大量心理溢價——這讓黃金在不穩(wěn)定時期具有終極保值作用的理論成為現(xiàn)實,。宏觀投資研究機(jī)構(gòu)Orcam Financial Group創(chuàng)始人卡倫?羅奇認(rèn)為：“金價顯然包含溢價,，因為人們總是將它視為法定貨幣體系的替代品?！?/p>

????但就像艾倫?麥迪遜敏銳指出的那樣,，和格倫?貝克等人及其信眾的想法相比，就連這種觀點都算不上永恒,。麥迪遜說：“在他們看來,，黃金永遠(yuǎn)具有貿(mào)易功能。五百年前具有這種功能的鹽,，但突然就變成了黃金,。鯨油或許也有這種功能，因為人們曾用它來產(chǎn)生動力,?！丙湹线d不能斷定如果真的出現(xiàn)經(jīng)濟(jì)崩潰，黃金是否還會有價值。

????“這比其他任何事物都更難以捉摸,?！保ㄘ敻恢形木W(wǎng)）

????譯者：Charlie??

????Even if they're not all that directly influential, investors can gain insight from these outsider ideologies -- the rigidity and doomsaying of the most extreme goldbugs is an opportunity for reflection on gold itself. The market price of gold on any given day is made up of a very small slice of industrial value combined with a huge helping of psychological premium -- the self-fulfilling prophecy that gold is the ultimate secure storehouse of value in uncertain times. According to Cullen Roche of the Orcam Financial Group, "There's an explicit premium built into the price of gold because it's always seen as an alternative to the fiat money system."

????But, as Preppers' Alan Madison is quick to point out, even that's not nearly as timeless as the likes of Glenn Beck and his attentive followers would like to think. "Gold, in their mind, is eternally useful as a trade item," he says. "Five hundred years ago it was salt, and suddenly it became gold. Or Whale blubber -- once that was used as a power source." Madison's not sure that gold's value would hold in the case of a real economic catastrophe.

????"It's more mythological than anything else."??