Opinion Pieces

Issue #3- Aatmik Tambol (Opinion 4)

It was less detailed, but clearly explained the effects of rising gold prices in an economic perspective. Congratulations!

Gold inflation’s horrible as it’s a sign of a failing economy. As everyone knows, most if not all economies has a cash/bill system, based on a gold standard. The price of gold will only increase based on the governments decisions and actions. Such things would be: printing more paper bills, gold mines depleting or going to war/conflict with some legal entity or government. However some are external factors which governments aren’t in full control of, such as another country sitting on gold mines closing its market/embargoing said government.

This is a miserable situation to be in for the average person, as most of the world’s population only holds onto cash and not something fixed in value like gold or rare Earth metals. Only protecting, not profiting those who holds onto gold or REM.