Commodity Trade Mantra

Posts Tagged ‘Gold as Currency’

A Long-Standing Love Affair Between India And Gold

India has never experienced a bear market of any consequence in gold. Since 1970 the Indian rupee has lost 88.7% of its purchasing power compared to the U.S. dollar. But the people’s purchasing power has been maintained thanks to gold. Maybe that is why people are reluctant to give up gold for a piece of government paper. Westerners may have something to learn from India’s love affair with gold.

Are You Sure Its Real Gold? An Examination Of Modern Gold Counterfeiting

I can tell you that, yes, there may be problems with gold counterfeiting with tungsten nowadays. Since gold costs almost a thousand times more than tungsten you can understand that there is a lot of incentive for the second law to play a role, here: with a chance to cheat, someone will.

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