My dear hive friends,
Today is Saturday , January 18/2025 I am @samadbro08 from Bangladesh
Assalamu Alaikum. Silver Gold Stackers community members, hope everyone is well. Today I will writing Importance of gold and silver in present monetary system of world . Let's begin.
Gold and silver are still very important in the current monetary system. Although the modern monetary system is mainly based on fiat currency, gold and silver still play important roles, especially in economic and financial systems. Gold and silver are widely used as stores of value. Gold is considered a safe asset especially for investors during times of inflation. Although the "gold standard" has been abandoned in modern economies, gold still plays an important role in the central bank reserves of many countries. This helps build confidence in the country's currency.
Different countries depend on the market value of gold and silver to determine the value of their currencies. For example, the price of gold increases during times of inflation or economic crisis. Moreover, gold and silver are important investment commodities in the global economy. In particular, gold is considered a safe haven against the ups and downs of the stock market.
Gold and silver are important not only in financial systems but also in jewelry, electronics and medicine. Moreover, gold and silver have been used in coins for centuries. Although paper currency and digital currency are prevalent today, gold and silver are still considered symbols of economic stability.
The importance of gold and silver in the current monetary system has changed from their traditional use. However, they still remain a strong financial asset, investment vehicle and symbol of economic stability. However, there are limitations to the use of gold and silver. In a modern economy, even if they are not used as capital, their value can increase or decrease which can affect the regulation of currency and economy.
My name is Md. Abdus Samad. I am a Bangladeshi. My district name is Meherpur and Thana Gangni. Union sixteen taka. My village name is Jugirgofa. Currently there are four people in my family. Especially we are two brothers of parents. I am the eldest son of the family. My educational qualification is I am an honors 4th year student of Bengali department. My college name is Gangni Government College.
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STOPThanks for telling me the matter. Of course I will fill my next target.
Gold and Silver does have a proven track record as money for thousands of years.
Yes you are right, gold and silver have a proven track record as currencies. That's why people trust this metal so much.
@samadbro08, I'm refunding 0.055 HIVE and 0.021 HBD, because there are no comments to reward.