Page 3 - Menora Endiku

INTERVIEW

of licenses to individuals or companies accepted and recognized in different
that would perform this activity, as the parts of the world.
final product must be stamped by the Throughout the centuries to this very
license holder. day, people have continued to own gold
To control the market, it is necessary for many different reasons. Societies,
to establish a body comprising experts as well as economies in modern times,
that would be authorized to assess the have cemented and perpetuated the
product‘s quality (fineness), as well value of gold as a precious metal. It is
as to check the working licenses and a metal that people always return to,
credibility of the stamps. especially when other forms of exchange
This opportunity is, in fact, one of currencies are unstable or do not work,
the leading goals of „Menora-Enkidu“ which practically always adds a certain
- to promote Macedonia as a country security value to gold in all difficult
where gold can be traded in rods and to and volatile times. Unlike in ancient
offer gold as a domestic product at an times, the possession of gold today is
attractive stock market price. being characterized for several practical
Our goal is also, in addition to the reasons.
Macedonian hallmark, to request the Unlike paper currency, coins or other
insertion of a Macedonian symbol that assets, gold has retained its value over
will promote and mark the Macedonian the centuries, practically being the
culture, be it the flag or any of our method of transferring and preserving
historical and cultural marks. It would wealth from one generation to the next,
simply be a certain landmark that we as during the devaluation of the dominant
a nation would like to emphasize. world currencies, reducing inflation
I am currently working on a thesis risks and serving as protection against
related to investment gold, which could deflation.
be used by the central government to In short, if one word was to define the
pave the way for this type of investment performance of gold in the past decade,
by adopting new legal solutions. it would be „consistency“ - consistency
is the source of security, and security
Why invest in gold and what are the brings a healthy social and economic
benefits? environment.

F. Pilatin: To get a complete picture of We saw that the pandemic had
the purpose of owning gold, it is necessary wide-ranging consequences for the
to first look back at the beginning of the world economy. How does the pandemic
gold market, per se. Namely, while the affect the price of gold?
history of gold begins around 2000 BC,
some sources claim that the value of F. Pilatin: The global pandemic has
gold was known even before. created great instability in every sphere,
However, the beginning of this from health to economic issues. Given
precious metal operating as a currency that humanity is not facing a pandemic
dates back to 560 BC, when the ancient for the first time, starting from the
Egyptians began to make gold jewellery. Spanish flu to COVID-19, in terms of
It was at this time that traders wanted gold trading, we were prepared with
to create a standardized and easily experiences and insights from the past.
portable form of money as a commonly The world is perhaps slowly
accepted means of exchanging products, recovering from the pandemic, but one
storing value, and paying off debt, to of the main economic consequences is
simplify trade. It seems that the answer inflation, the rise in prices of various
was found in the creation of a gold goods and services is due to the excessive
coin incused with a unique hallmark circulation of money, the climate crisis,
since gold jewellery was already widely the imbalance between supply and

372 февруари 2022