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gooddjinn | Which is more expensive? money(currency) OR gold .............??? |
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 |
 
eaminwe
|
Expensive? Well, gold wins if you compaire it to any of the standard ratings of currency. One U.S. dollar, for example, is worth a little less then one euro, but worth far more then a yen. While a gold ounce always trumps those, it's value does fluctuate every day.
But, the real question is which has more worth.
As far as worth is concerned, consider the great depression in Germany after world war 1. At it's worst, a barrel of paper money would barely buy you a loaf of bread. But if you had just one gold coin, you could eat like a king!
But in times of great wealth, gold actually drops in value, because who really needs it? Even then though, gold has more value then a standard note of currency. Not a thousand dollar bill mind you, but most people wouldn't consider that standard. |
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mizbehavingirl
 |
Gold, Paper money looses value which is why prices go up! |
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byedabye
 |
Gold tends to hold its value very well and over time in will increase in value, rather than decrease. |
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Owlwings
|
If you mean the value of the materials, then money is less expensive than gold.
Gold is valued by weight (and quality) and the price fluctuates depending on the market. You can find the price of gold on the world market in newspapers and on the internet.
The VALUE of currency is more, of course, than the value of the materials. In the days when coins were made of gold, the value of the coin was nominally the value of it's material and the value of the currency was linked to the price of gold (which in those days was fairly steady). |
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Kadaj
 |
generally gold is more valuable. |
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THATHA75
 |
It is like asking which weighs more a kilogram of cotton or kilogram of iron rods. Because both weighs same .
So if you want to buy gold and you have 10,000 US $ you tell me whether having US$10,000 is expensive or Gold bought by paying US$10,000. As on date when you bought gold both money,(currency)(US$10,000) and Gold(worthUS$10,000) are of same equal value only.
But say after a month your currency of US$10,000 may remain same whereas the Gold worth US$10,000 a month back may now be worth US$12000 or US$9,000 depending upon todays bullion prices in the market.
There is also another angle A month back US$ 10,000 would have got you say Indian Rupees 450,000 whereas today it may get you Indian Rupees 460,000 or 440,000 depending upon the variations in the exchange rates of various countries.
So bot currency as well as Gold have the same value as on particular date but subsequently it may vary .
You decide which is expensive.
GOLD CAN BE STOLEN SO TOO CURRENCY. |
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jacksfullhouse
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A million dollars in cash is just as expensive as a million dollars in gold. |
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~Lauralyn~
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i was told every dollar equals a bit of gold. so i guess they r worth the same. |
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mikey
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They would be worth the same, at least today. Tomorrow it would depend on what the value of gold does in relation to the currency you are using. Currency is easier to spend. I'm not sure what a car dealer would do if you lugged in a brick of gold to buy a car! |
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bobby-o
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gold seems more valuable but their actually the same because of gold standards. look up gold standards to see for yourself. |
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Ralph J
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At the margin gold MUST be more expensive! You have to store gold somewhere (also known as "carry") and there is a cost to that. A bank will pay you interest to store money with them! Money, therefore, is cheaper.
There is another answer, too. If a currency price is declining (because of hyper-inflation or whatever) gold may hold it's purchasing power better than the domestic currency. But that has nothing to do with which of the two is more "expensive." |
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