Value of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages
The Value of Gold
“Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages.”
Jill Kerby, personal finance expert and Mark O’Byrne, Research Director of GoldCore were interviewed by Sinead Desmond of ‘Ireland AM’ on TV3 this morning about the “value of gold” as a store of wealth and financial insurance in our “electronic age”.
The ‘What’, ‘Why’ and ‘How’ of owning physicla gold were discussed and a range of gold bullion coins and bars displayed.
Jill Kerby made the important point that paper and electronic money today has no real value in and of itself due to separation of them from the original sources of money – gold and silver:
“Digital money now is taking the place of what we used to use, not that long ago, people actually had real silver and real gold and we have paper money that generally represented how much gold and silver we had, just hundred years ago.
But the problem now of course is the seperation between that real money and the paper and ink stuff that we have and the electronic money we have today and as a result what you could buy a hundreds of years ago with a dollar bill or a pound note … Mark what is it, 90%?
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