The value of gold comes from two sources: commercial/industrial use and perception. The former would give it much less value than it has. The latter is well, perception.
Gold is a useful material commodity. It isn't a stable currency or a reserve. It's just a rare metal which we hype up and fool ourselves into believing it has innate value comparable to the market price.
Moving to a gold standard would fix absolutely nothing. Anyone who advocates a gold standard or investment in gold is either speculating on a bubble or deluding themselves. Gold isn't special or magical. It's a rare metal that makes shiny stuff. That's all.
Thursday, March 18, 2010
Subscribe to:
Post Comments (Atom)
3 comments:
Bullion Exchanges is a well known Precious Metals Shop established in the heart of New York City's Diamond District.
Bullion Exchanges have a large inventory of products including but not limited to, precious metals that range from the gold & silver to platinum and palladium.
They are offering a wide range of products appealing to first time buyers and the seasoned investors.
QUANTUM BINARY SIGNALS
Get professional trading signals delivered to your mobile phone daily.
Start following our signals right now and make up to 270% daily.
eToro is the ultimate forex broker for beginning and advanced traders.
Post a Comment