Why does gold have so much value? Isn’t it just a shiny metal?
Gold backs all the currency in the world. But why. I can understand how primative humans desired it with it being shiny, but what real value does gold have now other than the value we place on it?
Its rare. Its also nearly impossible to destroy. You can burn a dollar bill, but you can’t burn a gold bar. Even if you melt the gold, its still gold. Combine that with its shine and ornamental appeal and there you have it. Plus, it is an essentially universal currency. Someone might be hesitant to take dollar, euros, rupees, ringits, etc, but anyone will accept gold.
Gold Price Forecast
July 26th, 2011 at 7:35 am
I’ve been exploring for a little bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m happy to convey that I have a very good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to don’t forget this site and give it a glance regularly.