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You might not be sure if it is fools gold.
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∙ 15y ago
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Advantages and disadvantages of gold?
Advantages: beautiful, shiny, ductile, untarnished (as conductor), not allergenic, has a high value for small amount Disadvantages: too soft, dangerous to hold
Disadvantages of Commodity money?
There are two. One is, there can never be more money than there are commodities to cover it. If you decide that one dollar is equal to one gram of gold, and there are only 1 million grams of gold in the world, there can only ever be 1 million dollars. The other is, if you can find more of the commodity you can destabilize the financial system. Money gains worth through scarcity. If gold is 1 gram = $1, and you find a vein of gold with 1 million grams of gold in it, you have just made all the money in the world half as desirable as it was before.
What are the disadvantages in nationalized industries?
disadvantages of nationalized industries
What are the disadvantages of using graphs?
I like graphs, no disadvantages.
What are the disadvantages of sugar cane for ethanol?
the disadvantages are its not cheap
What are the disadvantages of panning for gold?
its hard work
What are the advantages and drawbacks of using gold standard?
Unfortunately there are disadvantages to the gold standard. One of the main disadvantages of implementation is that a gold standard would artificially inflate gold's value, increasing the cost of items and industrial process in which it is used. Another disadvantage is under the gold standard, gold mined at a different rate than the economy grows can produce both inflation, when deposits are discovered and extracted and deflation when they are mined to exhaustion
Advantages and disadvantages of gold?
Advantages: beautiful, shiny, ductile, untarnished (as conductor), not allergenic, has a high value for small amount Disadvantages: too soft, dangerous to hold
What were some of the disadvantages of taking the panama route during the gold rush?
Disease, hot climate
Advantages of the materials used in modern false teeth?
What are advantages and disadvantages of false gold teeth
What are the advantages and disadvantages of arsenic?
The advantages of Arsenic are its uses in many industries. It is used in the making of pesticides and wood preservative. It is also used in gold mining. Arsenic is poisonous and can kill a person, this is one of the main disadvantages of it.
Disadvantages of Commodity money?
There are two. One is, there can never be more money than there are commodities to cover it. If you decide that one dollar is equal to one gram of gold, and there are only 1 million grams of gold in the world, there can only ever be 1 million dollars. The other is, if you can find more of the commodity you can destabilize the financial system. Money gains worth through scarcity. If gold is 1 gram = $1, and you find a vein of gold with 1 million grams of gold in it, you have just made all the money in the world half as desirable as it was before.
What are the advantages disadvantages of investing in gold?
The primary advantage of owning gold is that there is no counter party risk to the value of your investment. Gold has been a store of value since ancient times and this is not likely to change. By contrast, an investor in bonds or stocks could lose their entire investment if a company goes bankrupt. Despite the fact that gold can fluctuate in value, it is almost impossible to imagine a scenario when gold would have no value. The disadvantages of gold is that it is a sterile investment in terms of producing income. An investor holding physical gold will only see a gain in value if the price of gold increases. Many investors who purchase gold believe that it is a safe alternative to paper currency backed investments since over time many currencies have failed or the value of the currency has declined dramatically due to inflation. For a more detailed explanation, please see my article on "How To Invest In Gold" (http://investing.answers.com/types-of-investments/how-to-invest-in-gold).
What are the disadvantages of transition metal?
They're just so... transitioney. This question makes no sense. There are no "disadvantages" of "transition metals" in general, you'd have to specify a particular application and a particular metal. To give you an idea of what kind of range of properties we're talking about, iron and gold are both transition metals.
What are the disadvantages and disadvantages of hydroelectricity?
advantages : electricity disadvantages: no electricity
What are disadvantages and disadvantages of autocracy?
what are some advantages and disadvantages of dictatorship
What are the disadvantages of using gold as roofing material?
Its too heavy.Its too expensiveYou would need so much of it to do it.Its too scarce to get enough.People would steal bits of it.
