Joke Collection Website - Blessing messages - The extension of installment loan is expected to be lifted within three days.
The extension of installment loan is expected to be lifted within three days.
As a special commodity, gold has multiple attributes of commodity, currency and hedging. It is precisely because of the multiple attributes of gold that the pricing mechanism of gold is more complicated than that of ordinary commodities. It is difficult to determine the price of gold by a simple relationship between supply and demand. It is more the result of the interaction of various complex relationships such as monetary system, policy, geopolitics, investment and speculation.
The famous economist Keynes once said: "Gold plays an important role in our system. As the last guard and emergency reserve, nothing else can replace it. " .
In order to become a safe-haven asset, it is required that the exchange rate can remain relatively stable when the market changes dramatically. Different from the recognized safe-haven assets such as US dollar, Japanese yen and Swiss franc, the safe-haven value of gold lies in its precious metal properties and scarcity, and it has strong ability to maintain value and resist inflation. In the past century, the performance of gold as a means of exchange has greatly surpassed that of all major currencies.
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