### Comment:
You haven’t made a point.  
  
 It also isn’t an investment (unless gold stocks). It’s to preserve purchasing power

### REPLY:
My point is that the question of asking 'how is gold overvalued' is more or less a pointless one, because the basis of golds valuation is entirely our perception of gold as having inherent value in and of itself.   
    
 Also people invest in gold as a metal all the time. Investments aren't just stocks...

### END.