Gold is valuable and rare. Large amounts of rock need to be mined and processed to produce an ounce of gold and this uses significant amounts of energy.
Goldhub blog: Posts by World Gold Council
In a largely #cashless society, there will still be a need to store wealth, have privacy and carry out transactions between parties who don’t trust one another. Leading economist @krogoff believes gold fills that role. More in our latest #GoldInvestor: https://t.co/6xsfipO0zL https://t.co/KJicu5lbOx
Former leader of the Commodities and Gold Group for the Government of Singapore’s #SWF, Loy Cheow Chew, believes that gold has a valuable role to play in #SWF portfolios as it provides a potential hedge against calamity. More in our latest #GoldInvestor: https://t.co/W1mJwf0JrP https://t.co/TFUmQdCILK
Leading economist @krogoff suggests that society has an excessive reliance on paper money and that as cash fades from view, gold will retain and almost certainly increase its value and role. Read more from @krogoff in our latest edition of #GoldInvestor: https://t.co/nXMZqW2Po4 https://t.co/B4cAktX7EJ