MTJW 306 Lecture Notes - Lecture 2: Big Bang
Document Summary
As incomes continue to rise across the world, especially in emerging markets, demand for jewelry should increase. Making gold an even more sought after commodity than it already is. Because of the importance we have placed on this element, there is no way that we can stop the harmful effects. Unfortunately we cannot control the whole world and there will always be someone getting away with it as long as money exists. Everyone has a price and money rules everyone because it is needed for survival. Governments are ruled by money because money equals power. Every civilization is begun with trade then progresses to the invention of currency. The only way to change the value of gold would be to rewind back to the big bang, or inhabit another planet. We can try and put regulations that could help, but there will always be people above the law.
