Why Does Gold Have Value? – Money Talks 8.

Category / Gold / Money Talks / Money and Banking Published on

 

Gold has been a valuable commodity since it was discovered thousands of years ago. The Egyptians are one of the earliest cultures to have fashioned gold into jewelry and for other ornamental purposes, marveling at gold’s natural shine, durability, malleability, and wonder.

Gold’s appeal has not diminished over the centuries, nor has its store of value. It is about to be the year 2020, and yet there is arguably no safer way to preserve your wealth than to buy gold. Yet, there is still some misunderstanding about gold by the general public, as evidenced by our recent survey How Well Do Americans Understand Money?

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10 Surprising Facts About Gold

Category / Gold / Money Talks Published on

Gold once gave our American currency, and many other currencies around the world, stability. Each unit of money was tied to the per-ounce price of gold, and gold’s intrinsic value meant that the value of money fluctuated far less than it does today under our fiat currency system.

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