1.-History and value of Gold
Historically gold was one of the first instruments used to make payments, in local economies it
was not a problem to transport it and its high purchasing power allowed any type of operation
with a few coins or a fraction of them.
The reasons why it does not lose its value, but instead increase in spite of the years, is that it is a
scarce mineral, very physically and chemically stable, which means that it does not deteriorate
over time and is also very well accounted for. In other words, it is possible to know with a high
degree of accuracy how much may have been treasured in the hands of people and institutions, as
well as what remains to be extracted from the mines.
Speculating what the price of gold should be is a difficult act, so we take as reference
www.usdebtclock.org, for April 13, 2020, the "dollar to gold ratio" was $ 19,502 per troy ounce
and its spot market value that same day was $ 1,749. We can mention as some of the main
reasons for the wide difference between the market price and the “dollar to gold ratioâ€, the high
correlation that gold has with the financial system given that the different instruments based on
gold such as swaps, derivatives, contracts, cfd, etc., have made the price in some way manipulated
by the actors of these instruments. That is why gold in last years has ceased to become a historical
refuge, losing interest in investors and holders of large and small fortunes who seek refuge from
the declines in financial markets. click here