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The biggest short squeeze in the world?, page-2510

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1378

03/06/21

16:23

Post #: 53628055
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Originally posted by ourlady: ↑

Gold goes back a long way. A very interesting article:-

The History of Gold - From 40,000 B.C. To The Present (bebusinessed.com)

One small excerpt:-

"Human fascination with gold is as old as recorded history. We don’t know for sure when the first human picked up a gold nugget and thought, “Hey, this is pretty cool.” However, flakes of gold have been found in Paleolithic caves dating back as far as 40,000 B.C.
Most archaeological evidence shows that humans who came into contact with gold were impressed by the metal. Since gold is found all over the world, it has been mentioned numerous times throughout ancient historical texts."

"The Egyptians also produced the first known currency exchange ratio which mandated the correct ratio of gold to silver: one piece of gold is equal to two and a half parts of silver. This is also the first recorded measurement of the lower value of silver in comparison to gold."

Gee, go Silver. See why there is about 1000 contracts to the ounce, holding it desperately.

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No one cares what happened 40,000 years ago, they're more concerned about their bank accounts right now.

Gold was big deal centuries ago, but now it's more of a speculative bet. A bit of fun for having a flutter.
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0 Great analysis

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