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WHATS IS GOLD?

  • 03-06-2012 12:02am
    #1
    consultan
    Site Banned Posts: 12 ✭


    In Theories of Gold Price Movements: Common
    Wisdom or Myths?
    by Fan Fei, Ann Arbor, strong.frankfei, Kelechi Adibe
    Thy wrote: "Gold has a unique status in the economic world: a precious medal with wide
    uses, a store of wealth, and for a long time, the measure of economic power of
    nations and the cornerstone of international monetary regimes. In recent years, the
    world witnessed an aggressive growth in gold price. The role of gold in
    investment has drawn more attention since this transformational economic crisis
    began to unfold in 2008. This paper is another attempt to disentangle the price
    movement of gold after the Bretton-Woods system, the last international
    monetary regime based on gold"
    Banks could create money out of thin air through the fractional reserve principle and interest rate, Gold cant be created out of thin air.


Comments

  • #2
    euroboom13
    Registered Users, Registered Users 2 Posts: 650 ✭✭✭euroboom13


    one ounce of gold is not wort a months wages for a man on minimum wage however u do the maths.........or we`ed all be up the clondike.....prepare for fall.....or hugh paper money printing....(easy to see how de brain dead hoffmans are in season 3)


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