GIG-OS ENGLISH: Gold: the Economy's Precious Rock

Gold: the Economy's Precious Rock

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Civilizations, cultures and peoples along history and across the globe. So different and yet - without knowing it - they all have always agreed on the same point: gold is valuable.

What empowers the royal metal to unite the whole world? How to utilize gold on your personal economy?

“Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or a mistaken theory”

Bernard M. Baruch, American financier.

What was the origin of gold as money?

Technically it was in 560 B.C. when gold became the quintessential currency. Though trading using gold jewelry was common, the first gold coin became a more convenient means of payment - a role that would increase over centuries.

Gold coins were used across empires, many coins, as the British pound, were based on the amount of yellow metal which represented. In the 20th Century the gold standard which had served mankind loyally for ages was suppressed.

And here comes the line of reasoning of those bearish on gold. Since the abandonment of gold standard, the precious metal was relegated to the sidelines in world economy and now it's merely an antiquity with a heroic past and no longer effective for economy. But is it so?

If gold wasn't TRULY valuable, why would so many major financial institutions bother to hoard it?

It was United States which “pushed” the abandonment of the gold standard in 1971, and the same country which today holds the largest gold reserves in the world. It might turn out that gold bars carry much more weight than the grams stamped on their surface.

What game can gold play today?

In paper-denominated currencies vs. gold, the latter is the best way to safeguard wealth. Don't believe it? Take one coin and one ounce of gold today – in 10 to 15 years one will be worth more than the other. Guess which one.

Owning gold in an investment portfolio is key to diversifying. Gold is not attached to the same factors as stocks, bonds or real estate, becoming thus a safe investment when the rest of your portfolio is in free fall.

The previous cases include times of geopolitical and economic collapses, including the declining of the U.S. dollar and high inflation, during which investors flock to gold as a safe haven to protect their wealth.

More than one million people from every corner of the planet buy physical gold bars of the highest quality and purity in the Global InterGold Online Gold Shop. Besides, Global InterGold offers rewarding purchasing conditions and the option to build a sustainable business.

Click the link to the official Global InterGold website to learn more details: www.globalintergold.com

Read more: Give Checkmate to empty pockets with Gold!