The Arithmetic of Gold: Why Its Price Has No Ceiling
Paper currency would have some intrinsic value if it didn't have printing all over it, it could be used for writing paper.
It costs $500 thee oz to mine gold. Probably double that if you factor in all the money spent on exploration, exploration companies that have failed, mining companies that have failed and money lost on the falling U.S. dollar (all Canadian Miners hold U.S. dollars only, GG lost $1 billion on their U.S. dollars a couple of years ago).
A dollar is a piece of paper that has no intrinsic value either. The great thing about gold is it goes up in value as the dollar crashes in value.
The Fed and US Gov. have said they wish to devalue the dollar. I would just get on the bus or get out of the way, betting against these powers is financial suicide, your comment makes me think you are getting hammered so far, just cut and run IMO.