http://www.informationclearinghouse.info/article30955.htm
Gold will always remain international money completely free of national markings. It is the one 'currency' that can be exchanged that is trusted between enemies. And therein lies its value! Gold in national vaults gives a certain weatherproof quality to a nation's wealth. That's why it is pointless in giving it a currency price. When extreme times arrive, that price will change in line with the credibility of the currency pricing it. That's when gold becomes priceless! The fact it remains internationally exchangeable when currencies are not, makes it a vital reserve asset and one that an internationally trading nation must stockpile.
No comments:
Post a Comment