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Jewelers Most people buy gold as a reaction to the uncertainty around them. Gold is a synonym for wealth and money even though in the modern world it is neither.In an economy where a recently founded vendor of chat software WhatsApp can be worth to Facebook around 14% of the annual gold production, gold for practical purposes has long lost its central place in the global economy. Money, of which gold was the first iteration, is increasingly becoming more abstract and there is just not enough of it around to fund the liquidity needs of global money.
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