“Nobody really understands gold prices, and I don’t pretend to understand them either.”
– Ben Bernanke
1. A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.
2. The official currency, coins, and negotiable paper notes issued by a government.
3. Assets and property considered in terms of monetary value; wealth.
“There’s fool’s gold — pyrite — and then there’s fool’s gold — gold owned by idiots willing to trade it for worthless dollars.”
– Jarod Kintz, This Book Has No Title
“The desire of gold is not for gold. It is for the means of freedom and benefit.”
– Ralph Waldo Emerson
…..for the entire essay and charts go HERE