Apr 26, 2017

Money: Gold, Crypto-Currencies

I do not like any of these crypto-currencies. It does not mean that they cannot go up if people are willing to buy them. It`s not money because it has no value other than its use as a medium of exchange. You need to have intrinsic value. Gold has intrinsic value, it has real physical properties that have been desired for thousands of years. Gold became money because of how valuable it was! (SPDR Gold Trust ETF (GLD))

Blog Archive