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Gold Is Money

WHY GOLD IS MONEY? Gold has risen 350% in USD since year 2000 300 200 According to Aristotle gold is money because it is durable, portable, 100 divisible and has 2000 2005 2010 Gold handles intrinsic value. wear and tear Durable extremely well. Gold is very dense and holds a high amount of value relative to its size and weight. Portable NCE Gold has intrinsic value, Intrinsic Value unlike fiat currencies like the U.S. dollar Gold is easily Divisible divisible, without affecting its characteristics, Gold Uses > Jewelry - The making of ornamental objects was most likely the earliest use of gold over 6000 years ago. > Monetary - Gold was first used in transactions about 6000 years ago. First Gold coins were produced by Lydian merchants around 700 B.C. The biggest central banks of the world still hold thousands of tonnes of Gold. > Electronics - The most important industrial use of gold is in the manufacture of electronics. > Computers - Gold is used in both desktop and portable computers. > Dentistry - Gold alloys are used for fillings, crowns, bridges and orthodontic appliances. 13% Top 5 Gold Holders 13% - United States 8,133.5 tonnes - Germany - IMF 41% 3,412.6 tonnes 3,217.3 tonnes 16% - Italy France 2,451.8 tonnes 2,450.7 tonnes 17% Gold is a tangible asset and does not have a counterparty risk, unlike financial assets and instruments. This quality makes Gold the ultimate form of money. copyright ©

Gold Is Money

shared by GeeGrl on Mar 26
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According to Aristotle gold is money because it is durable, portable, divisible and has intrinsic value.


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