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- W4234593399 abstract "Gold is a proven successful monetary standard because of its unique properties. Mankind has valued gold for 5,000 years. This chapter explains why gold rose to the top to become the king of metals. Gold is scarce, and in being so it is precious to individuals. It is easily identifiable. Nothing quite jumps out at an individual like the glitter of gold. It is easily recognizable it is easily marketable, which is essential to any medium of exchange. It is accepted by almost anyone anywhere in the world. If need be it can be melted and used in various forms as a commodity such as in the fields of dentistry, medicine, high tech, and others. Whether as a commodity, money, jewellery, or art, gold has value to most individuals. It has become a way of storing value. Gold is a time-honoured and time-tested honest currency. It establishes a system based on financial, monetary, and fiscal discipline. Without these, financial reform efforts are meaningless." @default.
- W4234593399 created "2022-05-12" @default.
- W4234593399 date "2012-01-02" @default.
- W4234593399 modified "2023-09-26" @default.
- W4234593399 title "Why Gold?" @default.
- W4234593399 doi "https://doi.org/10.1002/9781119202530.ch1" @default.
- W4234593399 hasPublicationYear "2012" @default.
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