The history of gold goes way back. Long before any written account. Early explorers told stories of how the natives they discovered had all sorts of gold jewelry and artifacts. Ancient drawing found in caves and tombs depicted every type of jewel, including plenty of gold. There was no value placed on gold by these people. They simply liked it because it looked pretty. The only currency was trade.
Today, we trade little pieces of paper for goods and services. Back in those days, things of real value were traded, such as fruits, vegetable and livestock. All indications point to the possibility that it was the explorers that put value on the gold worn by the natives. By that time, gold was already used as currency in the countries they came from. But the natives in these new countries only cared about its decorative value. Now you can find gold in ira thru gold ira.
Over the years the desire to posses this precious metal never faltered. The gold rushes are excellent examples of the things people will do to posses even a small piece of gold. After those times, very few ordinary people ever had the means to buy gold, except for the impure pieces of jewelry they bought for themselves or loved ones.
Investing in gold might have seemed like an unattainable dream, but the way the world economy is going these days, you can’t afford not to buy gold. Without warning the entire financial world could collapse. Banks could go bust and all of your saving will be lost. By investing in gold, you have security.
Gold prices may fluctuate, but having some money is better than having none. You might remember what happened after the Civil War. Lives were lost, homes were lost and after all of the dust settled, all of the Confederate money people had saved up over the years was declared an invalid currency.
Can you imagine? One day you have all of this money, and the next day you are told the war is over, so your money is now worthless. Because of inflation, this has happened all over the world many times. Inflation rates are so dramatic that a whole new currency is introduced, making the old currency utterly worthless. People had drawers and drawers of the stuff. Banks were not too popular back then.