Professional Documents
Culture Documents
2019
Submited by:-
Shaheer Ahmad Zakir
Roll number:- BS/FM//A/F
2018-00-72
Currency Issue
How Gold Affect the Economy and you
Gold’s impact on the economy waxes and wanes, depending on how safe other investments are.
When other investments seem too risky, gold always looks like a good hedge. In fact, you can
tell how healthy the economy is from the price of gold. When the U.S was on the gold standard,
the precious metal had an even greater importance.
Before gold was used as coinage, its value was recognized. Gold jewelry is buried
in the Tomb OF Djer, King of the First Egyptian Dynasty. Gold’s beauty,luster,and
malleabialty made it perfect for many uses. In fact, the Egyptians became masters
in the art of beating gold into leaf.
Gold was first used for money in 643 BC. In 30 BC, the Roman Emperor Augustus
set the price of gold at 45 coins to the pound. Its values has steadily increase since
then, reaching a peak of $1,823 an ounce in 2011.The historical price of gold
predicts it will again fall below $1,000 an ounce
For these reasons, gold is often considered save haven investment. But is it
really? Research from Trinity College shows that gold should be included in a
well-diversified portfolio. Its does protect your investments as a hedge after a
stock market crash. But this protection is short-lived