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Gold Fundamentals from my 2003 analysis

Gold Fundamentals from my 2003 analysis

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Published by wepollock
Fundamental reasons to own gold from a published report circa 2003. At that time nobody wanted to touch gold...
Fundamental reasons to own gold from a published report circa 2003. At that time nobody wanted to touch gold...

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Published by: wepollock on Oct 07, 2009
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09/22/2011

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WarrenEdwardPollockOctober6,2009
 
 
Thevalueofgoldpertainsandrelatesdirectlytothemetalhavingacceptanceascurrency.Goldfindsitsoptimumvaluewhenitcanbeusedasacurrencytostorewealth,guaranteepaper,oreffecttransferingoodsandservices.
 
Perceivedorfunctionaldemandforanythingcreatesvalue.Societalcultureandstructurewilldictatewhathasimportancebeitabaseballcard,oil,anautomobile,ahouse,orlaborhours.Valuecanbetransitoryoritcanendureasgoldhasthroughoutcivilizedhistory.
 
 
Currencytranslatesthroughuniformquantificationtherelationshipinsocietalvaluebetweenthedesirablecommodities,services,andoutcomes.Bothcomplexandallbutthemostbasicsocietiesneedcurrencytoeffectthetransferofwealth.Goldprovidesaphysicalfoundationpointincurrencythroughouthistory,betweennations,andacrossculture.
 
Integratedandglobalsocietieshavehighlycomplexcurrencysystemslargelypredicatedoncommonvalues.Law,stability,andpropertyrightsallowpeopletoenjoythebenefitsofafastmovingmultipliedeconomywithahighvelocityofmoney.Libertymaybeanadditionalcomponentoritspresencemaybereflectedintherightstoprotectionofproperty.Thethreebasicprecepts,oflawstabilityandpropertyrights,combinedwithcurrencyprovidetheverybasisforproductivityandmostimportantlytheseconditionsfosterinvestmentandinnovationwiththeobjectiveofsocietalreturns.

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