Before the governments of various countries started printing currencies, traders required some way for trading and exchanging goods, such as gold. However, they did not start with the yellow precious metal. On going through history we realize that man tried a large variety of items which could be employed as money, including cereals, fruits, salt and candy. Finally, it was…
Tag: Why History Chose Gold
Durable, Malleable, and Equally Divisible: Gold Investing Survives
It is difficult to find any other commodity that would financially be as useful as gold. This is just one the basic reasons allowing the precious metal to maintain its eminence over generations. Can you imagine some fruit, for example bananas being used as currency? Fruits are perishables and differ with regions and thus can’t contain value. The same holds true…
Why History Chose Gold Investing: What it Means to Investors
The ongoing discussion about the fate of gold in the coming years can be split into two basic arguments. Some people assert that the epoch of gold is finished, every time its price comes down. Conversely, proponents of the precious metal caution that currencies will become insignificant and only those with the prudence to procure precious metals will benefit. You may…