Straw and Gold

It also depends on the conditions of additional attachment, such as the straw used to tie the crabs together

The question now is: how to enable gold to reflect its true value :Q

Gold gains its value because of its rarity, but isn’t that also the result of artificial speculation? If a super-large gold mine were discovered, would that still enhance its value? Humans recognized gold as early as the Neolithic period (about 10,000 to 4,000 years ago). For thousands of years, gold, with such a long history, has appeared before people in what forms, and what functions have been attributed to it? Before the 19th century, gold was essentially a symbol of wealth and power reserved for emperors, or it belonged to deities and was used as material for sacrificial objects and to adorn and protect their images. The high value of gold, its limited supply, high transportation costs, and difficulties in refining it all contribute to its high price stability, which determines its suitability as a medium of exchange. In 1816, Britain enacted the Gold Standard Act, initiating the adoption of the gold standard; gold began to serve as a global currency, capable of being freely minted, exchanged, and exported. Until the outbreak of World War I, soaring prices disrupted the conditions under which the gold standard could function, leading to its collapse. In May 1944, the United States invited representatives from 44 countries that would participate in the establishment of the United Nations to meet in Bretton Woods, USA, where they signed the \"Bretton Woods Agreement,\" establishing the world’s second international monetary system. Under this system, the dollar is tied to gold, and the United States assumes the obligation to exchange it for gold at an official price. However, this good fortune did not last long. In the 1960s, the United States became embroiled in the Vietnam War, facing huge fiscal deficits; as a result, the value of the dollar began to decline. Countries around the world started selling their dollars and buying gold, which led to a sharp reduction in the U.S. gold reserves. Gold prices in London soared, and the Bretton Woods system gradually collapsed. In 1973, gold entered an era of non-monetary functions; U.S. President Nixon announced the official abolition of the dual pricing system for gold, which meant that the legal process of removing gold from its role as a currency within the international monetary system was complete. Of course, gold has not completely withdrawn from the financial sector in real economic life. Today, gold is divided into commodity gold and financial gold. **The lifting of restrictions on gold not only allowed the commodity gold market to develop but also spurred rapid growth in the financial gold market; as a recognized financial asset, gold began to play an active role in the investment field.

If gold mining is so easy these days, how can its price go up? Is everything in the Tianjin warehouse used for alchemy?

Ah, what a weird thing, everyone. What I want to say is: those who can speak are better than those who can do. To a certain extent—when a company grows to a certain size and gains certain resources, the owner no longer needs as many people to do the actual work; he can pay to hire more people, more skilled individuals, and he can even waste more money in doing so. Because it has money. There is no shortage of working people in this society; what’s lacking are the shameless, obsequious clowns who try to please those in control of resources.