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Bumble Bee

845 Posts.

73

04/01/22

21:09

Post #: 58641130
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Originally posted by Bumble Bee: ↑

https://www.investopedia.com/articles/investing/071114/why-gold-has-always-had-value.asp

The Bottom Line

From an elemental perspective, gold is the most logical choice for a medium of exchange for goods and services. The metal is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.Gold is the metal we'll fall back on when other forms of currency don't work, which means that gold will always have value in tough as well as good times.

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Straight from the Dragons mouth.

https://www.morganstanley.com/articles/investing-gold-silver-decision-guide
1 Upvote

0 Great analysis

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