How is gold history?

Gold history

Gold is a unique metal. First of all, it is extremely rare – it occurs in the Earth’s crust about 19 times less frequently than silver and 15 thousand times less frequently than copper. Moreover, gold is practically indestructible, so we have constant access to all the gold extracted in the history of this stock – no other commodity has such a property.

It is the only metal to have a yellow colour with a clear gloss, thanks to which it owes its roundness. The name aurum, or „Bright dawn”, given in honor of the Greek goddess Zorzy morning Eos.   Gold is dignified heavy but at the same time soft.

It is the most forgeable metal – one gram can be broken into a 1 m² sheet – making it easy to use not only in jewellery but also in medicine and industry.

When we add to this the fact that it is one of the least reactive elements which does not corrode under normal conditions, we can easily understand why gold has always fascinated mankind and remains a symbol of power and wealth to this day.

Gold and its history

Unmistakable beauty, precious rarity and extraordinary durability (as well as high value per unit of weight and relatively easy separation, handyness and uniformity) have led the market to choose gold as a currency several thousand years ago.

The first gold coins were minted in the 6th century BC by the Lydian king Krezus and since then the role of gold as the most desirable precious metal has increased even more.

The importance of this metal in the history of mankind is undeniable, which is reflected in its importance
a place in culture. It was Jazon who set out for the golden runo, this gold was one of the three gifts that Jesus the Three Kings placed in the Blessed infant Jesus’ bowing, next to the myrrh and incense.

It was gold that they wanted to get alchemists for centuries and for this metal America was decorated.  It was during the gold rush that thousands of people left their homeland and emigrated to California, Australia, Klondike or Alaska.

It is precisely this unique metal that has become the basis of the international monetary system known as the gold standard – a period of unprecedented economic warfare and prosperity.

This standard survived in its truncated version until 1971, when President Nixon announced that the dollar for gold was not exchangeable. As you can see, therefore, the current monetary system is – given the several thousand years of gold as money history – only a few dozen years of experimentation.

When to buy gold:
http://effectivinvestingmoney.blogspot.com/2017/09/when-to-buy-gold.html

Reklamy