GOLD IN THE ECONOMY

GOLD IN THE ECONOMY: OF GOLD IN THE MODERN ECONOMY

In modern economy the U.S dollar or other worldwide currencies are no longer backed by gold which makes it still more important today. Hence while gold is no longer in the forefront of everyday transactions, it is still important in the global economy. Gold being important in the economy is validated by looking as far as the reserve balance sheets of central banks and other financial organizations such as the international monetary fund. Currently these organizations are responsible for holding approximately one-fifth of the world’s supply of above-ground gold. In addition on gold being important in the economy, so many central banks have focused their efforts on adding to their present gold reserves.

GOLD PRESERVES WEALTH

Today in the modern economy preservation of wealth is achieved with gold due to the success of thousands of generations investing in gold. To put things in a clear perspective I will have to put it in gold, cash and inflation. In the 1970s an ounce of gold was valued at 35 us dollars. Meaning at that time you had a choice of either holding an ounce of gold or simply keeping the 35 us dollars. Both would exactly buy the same things with similar value. However today if you buy an ounce of gold and convert it for today’s prices, it would still have the same value. The same however could not be said for the 35 dollars. Therefore you would have lost a substantial amount of your wealth If you decided to hold 35dollars and you would have preserved if you decided to hold on to the one ounce of gold because the value of gold has increased while the value of a dollar has been eroded by inflation. Hence making it a no brainer to invest in gold with DR CONGO GOLD LTD to avoid the waves of inflation. an exceptional way to preserve wealth.

GOLD AS SAFE HAVEN

In countries of tensions like in the Middle East, Africa or elsewhere political and economic uncertainties are becoming an obvious reality in our modern economic environment. It’s this reason that most investors typically look at gold as a safe haven during times of political and economic uncertainty because history is full of collapsing empires, political coups, and the collapse of currencies. In such times of calamities, investors who held onto gold were able to successfully protect their wealth and, in some cases, even use gold to escape from all of the turmoil. Consequently, whenever there is news events that hint at some type of uncertainty, investors will often buy gold as a safe haven. So with today’s unreliable economy I strongly

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