Why is gold so precious?
- By: John P Sykes
Posted in: Blog, Commodities, Media, Mineral Economics
Last week’s Strictly Boardroom article with Allan Trench on MiningNewsPremium.net was on a topic we’ve covered before, and will likely cover again (potentially via a book) – why is gold so precious? Specifically why is it used as a store of value and monetary exchange? It turns out there are some good physical and economic reasons. From a physical perspective it is naturally occuring, stable, solid, non-toxic and scarce, which is complimented by economic criteria of a large, liquid market and a very high unit value. For more detail the full article is available to subscribers on MiningNewsPremium.net.
For keen followers of the Strictly Boardroom column, our new book “Strictly (Mining) Boardroom Volume II: A Practitioners Guide for Next Generation Directors” is out now and available as a paperbook or e-book from Major Street Publishing or Amazon.