The History Of Gold As Money
Turning Gold Into Money
Gold is one of the most dynamic elements of the modern economy and some might find it funny that the oldest form of valuing physical commodities is still thriving today. The first gold coins were produced in 700 BC and since then the precious metal has been used as the primary exchange element. The fact that gold was scarce and highly valued made it the perfect means of exchange, regardless of what the exchanged items were. The history of gold turni…
The Price Of Gold
As other precious metals, gold is measured by troy weight and by grams. And when it is alloyed with supplementary metals the term carat or karat is used to specify the amount of gold present, with 24 carats being pure gold and lower ratings being proportionally less. The purity of a gold bar can also be written as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995.
Carat and gold price
Carat is a measure of the purity of gold and plati…
The Role Of Gold Bullion Coins In Your Portfolio
Are Gold Bullion Coins Worth It?
Today’s world offers investors plenty of avenues for their money. Which ones are worth it and which ones just bring unnecessary risks with very low chances of profit?
Many people have turned to buying gold bullion in order to improve their financial situations. We know gold has been around ever since man first started living in a society. Gold has grown together with mankind, or vice-versa, depending on how you want to look at it. Let’s …