August 30, 2013
Early America and the Constitution
Gold prices are continually raising in terms of worth. The price of gold per ounce just recently jumped up from $1,396 to $1,420, and not to mention it has sustained a rate no lower than $1,212 per ounce for the past three years. Gold's worth is rising because of three main things: Inflation round the globe, of course, Security as a business asset, and the demand for Jewelry is higher than ever, especially in countries like China and India.
I think this is really relevant to what we are learning about in class in terms of the economical side of government. I really appreciated one thing that the writer of this article, Steve Rothwell, said, ""If we lived in a perfect world, we would not need gold," says McGlone. "But since we don't, we do need something that is the ultimate store of value." I might be headed on a tangent by saying that he kinda sounds like John Locke in his Second Treatise on government.
I think gold is like any other product or aspect of our capitalistically driven economy, but there comes a point when I start to think, "Is there something wrong with gold gradually gaining more and more worth? How does that benefit the dollar?" I guess this means I'm asking this question to you.
Why is the rising worth of gold beneficial or why isn't it?
