Beautifool, personally I also don't have any attachment to gold/silver from jewelry point of view but we know there are billions of people who have. Its is like believing in religion, from an atheist's point of view, its nothing but those who believe, they are ready to die for it.

However from an investor's point of view, if you are an atheist (investor) who sees good opportunity in investing in a construction company which is building Churches or Temples, would you invest or not? I would and that's what I am doing; investing in mining companies.

People in India start buying gold for marriage for their daughters as early as soon as they are born. Chinese government has encouraged their people to buy gold and Chinese are happily buying gold these days and their attachment to this yellow metal is not going to change anytime soon.

If you feel good while keeping something with you, that's brings the value to you (the society). We buy paintings and hang on our wall, it does not produce anything but just gives some satisfaction and there is industry for this. Same way, millions of people are working in mining companies to produce gold and silver and there are billions who are willing to buy so that brings value to the society. Moreover, if you look at Silver, it has 1000s of industrial applications. If you look around , you will find many items which has silver; Microwave, Freeze, cell phone, computer, cars, any other electronics equipment etc. It is used more in industries than as a currency so for sure it has value to the society.

Bottom line, I am open for investment on anything including Gold, Silver, Coffee, Ethanol. My view; an investor should not discriminate on any industry :)

If we believe something is going up, we should put our money there.