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What else can I help you with?
What gives gold its value?
The result of supply and demand. The 1st is low, the second high
What is the value of 1953 gold 2 dollar bill?
The value of a 1953 gold 2 dollar bill will vary. The value will be determined by the condition of the bill and by the current supply and demand for it.
Who decides the gold price?
Demand and supply of gold in market.
How did the kings of Ghana use the law of supply and demand to their advantage?
They limited the amount of gold available for trade, increasing its value.
Does coin value in liberty nickels affected by gold or silver prices?
In my opinion, in general no. Supply and demand drive the price.
What is the value of 1 gram of gold today?
The value of 1 gram of gold fluctuates daily based on market demand and supply. As of [current date], it is approximately [current price per gram].
When will gold's price reach equalibrium?
Through a function of the economic principles of Supply and Demand - prices change depending on the desire for the item, and the supply of the item. Gold, specifically, may reach an equalibrium when the demand for gold lessens, or the supply for Gold increases.
Why is gold so much money?
As with any other commodity, price is determined by supply and demand. Gold has a relatively low supply with high demand, which causes the price to rise.
Who decides gold price?
from what i now ...i think the A)prices are monitored by newyork metal exchange b)it depends upon the demand or supply of the metal C)speculative buying of the metal D)people started thinking that investment in gold is a safe option to keep or safeguard the real value of the money////hence driving up the demand and the price whereas the supply remains limited/// E)nowadays goverments are keeping gold as a reserve than $dollars,,,,,,
How much is 12 grams of gold?
The value of 12 grams of gold would depend on the current market price of gold. Prices fluctuate daily based on supply and demand. You can multiply the weight in grams by the current price per gram to calculate the value.
How is gold measured and what units are used to quantify its value?
Gold is measured in troy ounces, with one troy ounce equaling about 31.1 grams. The value of gold is quantified in terms of its price per troy ounce, which fluctuates based on market demand and supply.
What was the supply and demand of gold in Ghana?
it was 8 slaves for 2.45 pounds of solid gold
