2023-12-04 19:50:40
Real gold fans like to tell a little story. It is intended to illustrate how gold has always roughly maintained its value throughout time, through all wars and regardless of the rise and fall of empires and cultures. 2,000 years ago, they read from ancient sources, a rich Roman could get a toga with a leather belt and a pair of sandals for an ounce of gold.
With a little good will, you can say that today you can get a tailor-made suit plus a pair of shoes for an ounce. The theory behind this story: People’s currencies come and go, are reintroduced and eventually lose value. But the gold remains. And if its price changes, it is not at all due to gold, but rather to the transitory currencies in which this price is measured.
#gold #expensive