Why are gold and copper good conductors of an electrical current?
Which should you buy, and why? Which will prove to be the better investment in the long term? Let’s compare and contrast. Why is gold useful, and why is it particularly useful as money? Gold is valuable & portable because it’s rare & not easily counterfeited. Gold is fungible & exchangeable because every bit of .999 fine gold is similar enough to be like another. Gold does not rust as it’s imperishable. These properties make gold a good store of value, a medium of exchange, and a unit of account. Therefore, gold is easily tradable with a narrow spread, meaning it has a small price between the bid and ask-the prices to buy and sell. Gold is therefore the ultimate liquid asset, a luxury, and is why gold is money. But silver has nearly all the same properties, with a few minor exceptions. Silver is less valuable than gold, as seen by the ratio between them. The ratio is simply the number of ounces of silver that it takes to buy one ounce of gold. As I write this Sunday, August 01, 2004, t
