Normal
I suppose the next question is "What is real money?" a piece of paper is a promise of exchange, for labour, goods etc. Uncertain times make the value uncertain. The volatility in currency exchange rates is making people concerned at these promise notes. Gold may well not go up but its tangible value is a certainty. Some banks in the world have restricted withdrawals so more and growing concern here too.Inflation adjusted, gold is way under its old values of 1980 and the 30s so I suppose some people are going to punt it up and because it is a mere .005% of circulating, (so called) value out there, it is probably a very sound one irregardless of which way money value flates.Possibly simplistic also.
I suppose the next question is "What is real money?" a piece of paper is a promise of exchange, for labour, goods etc. Uncertain times make the value uncertain. The volatility in currency exchange rates is making people concerned at these promise notes. Gold may well not go up but its tangible value is a certainty. Some banks in the world have restricted withdrawals so more and growing concern here too.
Inflation adjusted, gold is way under its old values of 1980 and the 30s so I suppose some people are going to punt it up and because it is a mere .005% of circulating, (so called) value out there, it is probably a very sound one irregardless of which way money value flates.
Possibly simplistic also.
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