2min chapter

Many Happy Returns cover image

Raging Bullion: Is Gold a Good Investment?

Many Happy Returns

CHAPTER

Why Is Gold So Valuable?

Gold is useful and desirable, so its price will roughly keep in line with inflation. Over the long term, what you'd expect is that everything keeps up with inflation. The real loser since 1900 has been aluminium, which is kind of way lack inflation. What do you think is the most desirable of the commodities? Is it pork bellies?

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