Some people claim gold to be out of fashion, because it’s only a commodity with ancient intrinsic value. Nonetheless, we all know that an ounce of gold comparing to an ounce of most things on earth, gold would be more coveted after. Since gold is more valuable than most commodity — even though nobody can ever eat it — it makes sense that according to the demand of time any price could be named for just an ounce of gold. For an example, hypothetically, another major world war may boost the price of gold to $20,000 for an ounce of gold. Of course, it could also mean a future world disaster may dictate the price of gold in any amount of worth, but the example I gave is a hypothetical one only. Since gold is being imagined as out of fashion in this moment in time, people are buying up gold as trinkets and not as something that could secure their future, thus people may easily give up their gold in good time. When bad time comes, I fear people who go without gold will find life suddenly becomes a lot bleaker. In World War II, gold was a major source of finance for battles across Europe and elsewhere. In ancient time, gold was the source of wars and greed. What would be the role of gold for this century and the next? Check out the video right after the break to see how gold is being viewed throughout the world. Enjoy!!!
Filed under: Anything Goes Tagged: China, document, finance, gold, India, money, precious metal, Russia, world
