guido ochoa desarrolla electrumchainHistory and value of Gold
Historically gold was one of the first instruments used to make payments, in local economies it was not a problem to transport it and its high purchasing power allowed any type of operation with a few coins or a fraction of them.
The reasons why it does not lose its value, but instead increase in spite of the years, is that it is a scarce mineral, very physically and chemically stable, which means that it does not deteriorate over time and is also very well accounted for. In other words, it is possible to know with a high degree of accuracy how much may have been treasured in the hands of people and institutions, as well as what remains to be extracted from the mines.
Speculating what the price of gold should be is a difficult act, so we take as reference www.usdebtclock.org, for April 13, 2020, the "dollar to gold ratio" was $ 19,502 per troy ounce and its spot market value that same day was $ 1,749. We can mention as some of the main reasons for the wide difference between the market price and the “dollar to gold ratio”, the high correlation that gold has with the financial system given that the different instruments based on gold such as swaps, derivatives, contracts, cfd, etc., have made the price in some way manipulated by the actors of these instruments. That is why gold in last years has ceased to become a historical refuge, losing interest in investors and holders of large and small fortunes who seek refuge from the declines in financial markets.
It is important to mention that the demand for gold is increasing year by year and the primary suppliers such as mining and recycling are unable to supply the market. Gold today has a market far beyond what we normally know as an investment or refuge, being even much bigger when adding other consumer markets such as jewelry, electronics, etc.
For gold to once again become a refuge against cyclical declines of the markets, it is necessary to break the keys to guido ochoa blockchain the existing correlation between them, while it needs to become an instrument of a new financial system that is more flexible, that is, wherever it is more easy to negotiate when making transactions and at the same time have a great capacity to generate new and innovative markets.
However, in a globalized, technological world with millions of digitized d86aily operations, gold loses possibilities of being part of the digital world and therefore could lose value or, failing that, not increase its value unless it adapts to the new times. Currently, it is impossible to use gold as a transactional instrument, due in part to the difficulty of transporting it, the security required for transportation and storage, the difficulty of its divisibility, as well as the slowness of these processes when it is necessary to carry out exchange or transactional operations in a time of fractions of seconds.