Gold only has a specified value if everyone agrees it does and trades it at that value. Its value fluctuates, too. The difference is that it is a tangible object no matter where it is mined, refined, stored, or traded.
Gold only has a specified value if everyone agrees it does and trades it at that value. Its value fluctuates, too. The difference is that it is a tangible object no matter where it is mined, refined, stored, or traded.
The price of gold is a reflection of the dolllar's purchasing power The reason that gold is up is because the purchasing power of the dollar is going down and hence spiraling inflation Essentially gold is money with no counterparty risk Even though the price of gold fluctuates over a long period of time it holds steady with respect to the price of a barrel of oil
Gold only has a specified value if everyone agrees it does and trades it at that value. Its value fluctuates, too. The difference is that it is a tangible object no matter where it is mined, refined, stored, or traded.
The price of gold is a reflection of the dolllar's purchasing power The reason that gold is up is because the purchasing power of the dollar is going down and hence spiraling inflation Essentially gold is money with no counterparty risk Even though the price of gold fluctuates over a long period of time it holds steady with respect to the price of a barrel of oil
For good reading James Turk https://bit.ly/429h7WE
For good listening Alasdair Macleod https://bit.ly/4ltMaEe