Question

2 advantages of gold

Answer 1

This system put brakes on government ability to print unlimited amount of money, and we all have seen how from past few years central banks like fed and ECB have been throwing money in the markets in order to save their economies but have been unsuccessful and biggest side effect of these policies have been inflation and speculation leading to more harm than benefits for the people of this globe.Extreme volatility in currency is not desired by any country and in the past currencies used to move 1 or 2 per cent during a month but in the past few months’ currencies of many countries have been moving 1 to 2 per cent in intraday trade and exchange rate fluctuation of this magnitude can lead to huge losses for companies and ultimately people will suffer due to it.

Answer 2

1. Gold is mined because it's valuable, just like any other commodity (oil, coal, iron, etc.).
2.Other than that it's used in computers, TVs, and other electronics in minute amounts...
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