3 ms·
It’s a misconception that gold is purely speculative. Half of gold is used for jewelry and 7.5% is used in industrial application. Even if all the financial de
by unicornmama 5y ago
It’s a misconception that gold is purely speculative. Half of gold is used for jewelry and 7.5% is used in industrial application.
Even if all the financial demand would go to zero, the price of gold would not go to zero.
https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx https://www.investopedia.com/financial-edge/0311/what-drives...