0
To ground price will fall
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Why doesn't the US follow the gold standard?
Because the amount of gold you happen to find one week is a very arbitrary way to decide what the money supply should be. It would lead to random contractions happening during recessions and vice versa
Why did populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
What are the causes for increase in gold price?
As with anything the main driver of gold's price is supply and demand. If the supply is low or the demand is high then the price will go up. Now we have to throw in a third factor, speculation. Gold is sold and traded on the option market and there has been a great deal of gold options traded recently, and that has driven the price up also. If there were to be a large amount of gold either found or released on the world market then the supply would out strip the demand, options would no longer be sought after and prices would plummet. In 1972 an ounce of gold cost $58.42, that same ounce of gold today, 2013, is $1221.
Why did Populists want the United States to move from a currency backed by gold to one backed by both gold and silver?
it would increase the supply of money
What would happen if there was no gold in the world?
We woun't have any money and then we would have thing for free also we would have no technology
Is it possible to trade gold online?
Gold is the most popular metal used as an investment. Like everything else, the price of gold is driven by supply and demand. In recent years, the price of gold has skyrocketed. Many people are cleaning out their houses and trading the gold for some extra money. Either online orin person. TO trade your gold online, go to: http://www.tradegoldonline.com/
Why doesn't the US follow the gold standard?
Because the amount of gold you happen to find one week is a very arbitrary way to decide what the money supply should be. It would lead to random contractions happening during recessions and vice versa
What will happen if there were no rules on the gold fields?
there would be war and there would be gangs.
What would happen if a gold digger was caught without a licence?
You would get arrested
Where does the money go when you decorate your house in Skyrim?
It doesn't 'go' anywhere, it is just deducted from your gold. When you buy things from vendors, gold does get added to their supply, but this doesn't happen for house purchases.
Which precious metal made Bolivia the treasure chest of the Spanish Empire?
Gold. In the early 19th century the price of gold around the world skyrocketed. The rich gold deposits in Bolivia brought wealth and stability in the country.
Why did populists want the US to move from a currency backed by gold to one backed by gold and silver?
It would increase the supply of money.
What would happen if you crossed a cat and leprauchaum?
You would get a cat with a beard and a pot of gold.
What would happen if a greek person won an olympic game?
They would get a gold medal.
What would happen if you swallowed gold?
It will pass through your body unchanged.
What would happen if humanity could multiply gold out of an organic compound?
The value of gold would simply diminish since it is not as rare anymore.
Why did the populists want the US to move from a currency backed by gold to one backed by both gold and silver?
It would increase the supply of money.
