The History Of Gold Shows Some Interesting Facts
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.
It was not until the last few decades that this material even came close to $1,000 an ounce, and today it is around $1,600. Some speculate that the performance over this time has fueled demand and that has helped to drive prices even higher than before. Almost all of this ore that has ever been recovered is still being circulated today.
With our fragile economy, gold is a popular choice with investors. If the economy does collapse completely, this metal will be invaluable. Gold has been used as a form of currency and to barter with since its discovery. As the dollar goes down in value, gold goes up so it is priceless in a survival situation. Other investors may use the metal to hedge against inflation. While there are many historical reasons to invest in gold, most choose this option to prepare for 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.
It was not until the last few decades that this material even came close to $1,000 an ounce, and today it is around $1,600. Some speculate that the performance over this time has fueled demand and that has helped to drive prices even higher than before. Almost all of this ore that has ever been recovered is still being circulated today.
With our fragile economy, gold is a popular choice with investors. If the economy does collapse completely, this metal will be invaluable. Gold has been used as a form of currency and to barter with since its discovery. As the dollar goes down in value, gold goes up so it is priceless in a survival situation. Other investors may use the metal to hedge against inflation. While there are many historical reasons to invest in gold, most choose this option to prepare for the future.
posted by Vittoria @ March 01, 2013
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