Wednesday, April 2, 2008

Gold as currency through time.

People have been buying and selling gold almost since the dawn of time. In Ancient Egypt Pharaos were buried with gold ornaments and gold jewelry because gold doesn’t rust or decay and would therefore be a source of currency when the deceased reached the next world. In the early days of the US the California Gold Rush was the primary reason for western migration. The gold standard is the basis for most of the world’s monetary systems. The use of gold as currency has faded over time but gold still remains a solid investment.

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