The ongoing discussion about the fate of gold in the coming years can be split into two basic arguments. Some people assert that the epoch of gold is finished, every time its price comes down. Conversely, proponents of the precious metal caution that currencies will become insignificant and only those with the prudence to procure precious metals will benefit.
You may be thinking that over the last decade the yellow precious metal has attracted excessively high number of investors or you might be thinking that colossal amounts of cash the government continues to print will certainly lead to collapse of dollar. Either way, you are omitting the point.
It is Here to Stay
What we need to understand is that every commodity loses some value at sometime or the other and golden ore is no exception.
It is not that history accidentally selected precious metals, particularly gold, initially as currency and subsequently for the purpose of hedging for financial purposes. This precious metal has inherent basic strengths, which do not increase of decrease with stock markets.
To enlighten you why this precious metal will always find its position in market, we give below the most vital aspect of this metal that you would not come across in the current exciting debates concerning the yellow ore. This will make you realize why history was not mistaken about yellow metal.
It Has Real Value: It’s Stable
The present world, including the US work under a system that we know as a fiat money standard, meaning the currencies as used in different countries have some value only because their governments assert their worth.
These are not really supported by anything, essentially making them worthless bits of paper. Because currencies are not constructive in any significant manner, their worth could become zero in case its circulation becomes excessively high. It is historically proven that under such circumstances things get horrible.
Gold, being a market based product, is not akin to that, meaning it is valuable, though it is not a fiscal tool. The precious metal is necessarily needed for producing a number of items such as precious jewelry, electronic components and devices like computers and cell phones, electronic circuits for aerospace applications and medical purposes including dentistry. Apart from these useful purposes, the yellow ore has always acquired a status in almost every civilization which got in touch with it. Its worth can never be zero. In fact, it never even came close to that.
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