Gold and silver futures markets obey the cost-of-carry model. TRUE
$5/bu is the price should you try and lock in before harvest.
Gold is a primary economic asset for international locations and crucial banks. it is also utilized by banks as a manner to hedge in opposition to loans made to their authorities and as a hallmark of financial fitness. underneath a free-market device, gold should be considered as forexes like a euro, yen, or U.S. dollar.
Gold does now not deplete into the atmosphere, it does now not burst into flames, and it no longer poisons or irradiates the holder. it is rare and sufficient to make it hard to overproduce and malleable to mint into cash, bars, and bricks. Civilizations have always used gold as a fabric of value.
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