Gold has retained its value for many millennia, unlike paper currency, coins, or other assets. People view gold as a means of passing on wealth from generation to generation. It is well known that people have been fascinated by the btg stock unique properties of gold since ancient times. In addition to its non-corrosive properties, gold is easy to work with and stamp as a coin because it can be melted over a common flame.
Gold is also one of the most beautiful colors in the world. During Einstein’s theory of relativity, Einstein discovered that gold has heavier atoms, and electrons move faster, causing some light to be absorbed. Inflation has historically been a strong target for gold investors, as its price tends to rise whenever btg stock the cost-of-living increases. In the past 50 years, investors have witnessed gold prices soar while the stock market plunged during high inflation.
Various definitions of deflation include price decreases, slowing business activity, and an excessive amount of debt burdening the economy. Globally, the Great Depression of the 1930s is considered the last time that deflation was experienced. However, some parts of the world experienced a small degree of deflation following the 2008 financial crisis.
During the Depression, gold’s relative purchasing power soared compared to other prices and sharply decreased. There are a couple of reasons for this. One is that people chose to accumulate cash, and gold and gold coins were the safest places to keep cash during that period. Not only can gold retain its value during times of financial uncertainty but also during times of geopolitical uncertainty.