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Is gold only used as a financial asset in sophisticated financial markets?

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Is gold only used as a financial asset in sophisticated financial markets?

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For men and women throughout the developing world, gold is still one of the most liquid and widely accepted forms of exchange, quite simply the most efficient store of value they possess. Gold offers protection against a weak currency or high domestic inflation levels, which are prevalent and persistent problems in the developing world. For further information go to Society/Developing Countries.

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