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Eastern NE KS | And that is a definition of the value of gold. It is physical just like blue rocks. It does have some actual value before its fiat value but really not that much actual value. In other words, people believe in the value of gold.
As Dave Ramsey said, "If you invest in gold you have to find someone willing to pay more for it than you paid to make a gain". He claims to have never invested in gold.
However, gold's reputation runs very deep into history. And its scarcity supports its value along with the fact it does not corrode or turn to 'rust'. | |
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