When it comes to gold and the past there are many interesting facts about this precious metal. The incredible beauty and gorgeous color that it has made it a prized possession almost as soon as it was first discovered by man. Even today it symbolizes wealth, status, and privilege, and that was much more true in the past. In Ancient Egyptian civilizations only pharaohs could even have this mineral. Eventually the laws were relaxed and certain other members of the royal family and a number of high ranking priests were also allowed to possess it.
It was believed in ancient Greece that the metal was a combination of a very dense form of water and the sun. Egyptians believed that gold was really the flesh of a revered god. There have been many uses for the metal over the years including jewelry, decorative items, and gilding. The wealthy even owned furniture that had been covered in gold and household items that were almost solid gold.
Gold has managed to retain its value over centuries. It is known as one of the safest investments available, because unlike other options like stocks and mutual funds, there is almost no chance of precious metals losing value suddenly. No matter what happens with the economy, gold will always retain at least most of its value.
While gold has always been very valuable, it was just in the last few decades that it has increased so dramatically in price. Gold just reached $1000 per ounce in this time and now it is priced at around $1600. Many experts speculate that the demand for this metal because of its increase in value has helped to drive the price even higher. Almost all of the gold that has ever been discovered is still in circulation today.
Since the early days gold has been used as a form of currency and for bartering. Many choose this material because of what it does offer in these areas, and many may stockpile the bullion today because of how valuable it can be if the financial system collapses or if a survival situation does occur. Others still appreciate the protection that it offers as a hedging tool against inflation. Today investors may choose this pick for many reasons that have nothing to do with the past, and everything to do with the future.
It was believed in ancient Greece that the metal was a combination of a very dense form of water and the sun. Egyptians believed that gold was really the flesh of a revered god. There have been many uses for the metal over the years including jewelry, decorative items, and gilding. The wealthy even owned furniture that had been covered in gold and household items that were almost solid gold.
Gold has managed to retain its value over centuries. It is known as one of the safest investments available, because unlike other options like stocks and mutual funds, there is almost no chance of precious metals losing value suddenly. No matter what happens with the economy, gold will always retain at least most of its value.
While gold has always been very valuable, it was just in the last few decades that it has increased so dramatically in price. Gold just reached $1000 per ounce in this time and now it is priced at around $1600. Many experts speculate that the demand for this metal because of its increase in value has helped to drive the price even higher. Almost all of the gold that has ever been discovered is still in circulation today.
Since the early days gold has been used as a form of currency and for bartering. Many choose this material because of what it does offer in these areas, and many may stockpile the bullion today because of how valuable it can be if the financial system collapses or if a survival situation does occur. Others still appreciate the protection that it offers as a hedging tool against inflation. Today investors may choose this pick for many reasons that have nothing to do with the past, and everything to do with the future.
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