Commodity Trade Mantra

Posts Tagged ‘Rupee Devaluation’

The War on Cash Is Still Good for Gold Prices

In a world where nothing larger than a $10 bill exists, hoarding cash would be highly impractical. As paper currency is phased out, gold prices will rise. Were cash eliminated and interest rates plunged underwater, gold’s role as a store of value would become even more apparent and demand for the yellow metal would turn red hot, despite its price appreciation.

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