Jul 31, 2007 16:45
16 yrs ago
3 viewers *
English term
ultimate
English
Bus/Financial
Economics
international finance
A textbook in international finance. A discussion on various exchange rate systems, including the gold standard.
"Gold has been called "the ultimate burglar alarm." Explain what this expression means."
"Gold has been called "the ultimate burglar alarm." Explain what this expression means."
Responses
| 4 +2 | see explanation |
Buck
|
Responses
+2
31 mins
Selected
see explanation
ultimate in this case means: if the price of gold changes drastically, something major is happening.
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Note added at 14 hrs (2007-08-01 07:25:20 GMT)
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It means that gold is a very secure commodity, and if something happens to the value of the gold, it could have serious repurcussions across the GLOBE. In other words, as long as the price of gold is stable, the fat cats can relax.
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Note added at 14 hrs (2007-08-01 07:25:20 GMT)
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It means that gold is a very secure commodity, and if something happens to the value of the gold, it could have serious repurcussions across the GLOBE. In other words, as long as the price of gold is stable, the fat cats can relax.
Note from asker:
| Does this mean that gold is: - the most secure alarm - the last protection stage - the only alarm that actually counts - smth. else? |
| Yes, I understand, why gold is considered "burglar alarm" (the gold standard is more transparent for the public/investors, than other exchange standards that can be manipulated by governments), but my question was, what "ultimate" exactly refers to? Do you think, it is about WORLD-WIDE ramifications? Can you find some synonym adjectives? |
Peer comment(s):
| agree |
jccantrell
: Like, somebody is stealing all the value from my currency! Essentially, the price of gold is a good indicator of inflation.
2 hrs
|
| agree |
kmtext
: In this case, ultimate means the best or the most effective
15 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
Discussion