Ever wonder why investors and banks want to hold Gold? Look at a few of the reasons that makes Gold a unique investment.
Consider these characteristics:
It is rare, and its quantity is limited. The entire
amount extracted from the ground in all of history amounts
to 165,000 metric tons. This is equivalent to a cube 20
It is difficult and expensive to find, mine, and bring
to the surface. It is therefore subject to only small
and slow incremental supply.
It is indestructible, homogeneous, and easily reconstituted
if diluted or broken up.
It is compact, and therefore permits transportation
of a high value in a relatively small space.
It is the only universally used asset that can be instantly
converted to cash (even by the world's central banks)
that is not someone else's liability.
And, of crucial importance, it is anonymous.
Not one of these attributes is unique to gold. What
makes gold unique is that it is the only form of money
which combines all of them.
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