Wednesday, September 17, 2008

Key factors contributing to golds worth as a currency

Gold has been valued and honored as the money for all ages thoughout history for reasons involving the following:

1) Durable- gold will not rot, break crumble or decay. It does not tarnish, is unnaffected by water air and even most acids
2) Convienience and portability- A gold owner can carry a lifetime of wealth in his pockets. Other forms would be too heavy or could not be carried at all like realestate.
3) Inherent value- Multiple uses rangin from technological to decorative.
4) Governements cant print gold!

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