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Mark Gillespie

Why Do Humans Like Gold

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Rhodium is bright, shiny, beautiful and very rare. It has jewelry and industrial uses. Only in the last few years has it taken off in price. It did not become a monetary metal as it was not known as a separate metal in antiquity being mixed with the other platnum group metals. As a store of wealth rhodium is not a bad choice but gold still wins for historic reasons. Central bank, especially China and Russia, are again stock piling gold. The US dollar will eventually lose its unique reserve currency status and slowly have to share the honor with other currencies or be part of a basket of currencies as the World Bank has discussed.

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For its Malleability.

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