22 lines
794 B
Markdown
22 lines
794 B
Markdown
# Gold
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Gold is a precious metal sometimes used as investment and historically as coinage for [currency](currency.md).
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See also [gold standard](gold-standard.md).
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## Properties
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Gold has [use value](use-value.md) in jewellery and electronics.
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Gold is a [speculative](speculation.md) investment.
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Gold has no [fundamental value](fundamental-value.md).
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Gold has no [income](income-cashflows.md).
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Gold is a [non-productive](productive-asset.md) investment.
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Trading gold is a [zero-sum game](zero-sum-game.md).
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## References
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1. Eich, Stefan. 2018. ‘The Currency of Politics’. The Political Theory of Money from Aristotle to Keynes.
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1. Larue, Louis. 2020. ‘“A Conceptual Framework for Classifying Currencies”.’ International Journal of Community Currency Research 24 (1): 45–60. |