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Consortium for Mathematics and its Applications

Product ID: Math Today
Supplementary Print
High School

More Precious Than Gold ?

Author: Joseph Malkevitch


Gold has been much admired by human societies at different times and in different places. In times of economic turmoil many people invest in gold as a way to protect the value of their money. In 2011 the price of gold (love that data) on some markets exceeded $1900 an ounce. Black gold has been a metaphor for the importance and value of oil (which sometimes has sold for over $100 a barrel) for many year s now. But could it be that it will be data that will be the really valuable commodity of the future? And if so, what does that have to do with mathematics?

©2012 by COMAP, Inc.
Consortium 103
9 pages

Mathematics Topics:

Application Areas:

Economics

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