Why 'Ordinary' People Value Gold

OPINION

Gillian Tett, award-winning journalist at Britain’s Financial Times, has suggested a new analysis of the rising interest in gold.

Once perceived as the exclusive domain of the rich and powerful, gold has caught the attention of many ‘ordinary’ people over the past decade.

For her article Gold: worth its weight?, published on November 21, she suggests that the rise in interest in gold among the public can to some extent be based on the fact that monetary affairs are completely beyond the control of average citizens.

“Most ordinary people have no idea what central banks are really doing, with their trillion-dollar experiments. They are unnerved about how money works in a bottomless cyber space. But the beauty of gold is that it seems tangible, clear and finite. It also seems timeless, creating an impression of permanent, intrinsic value.”