At the moment gold has a very high value. This begs the question as to how this value rose. The best way to answer this question is trace gold market history. This is the best way to know how the value came to the point it is at today.
Many years back the metal was used as the main medium of exchange. By this it means that it was used as money is currently used. To get a services or goods you had to have it. It also showed how wealthy a person was. They were kept in storage and the owner had a receipt to show that they owned it.
At some point there was the introduction of money. With this introduction the metal gained value. Money made it become so valuable at that particular point in time.
After that period the metal went through another phase where its value dropped tremendously. This was because the monetary system that had been adopted by many states had gained stability. This is what made the value drop so much.
After a long time bullion, which is the form in which the metal is purchased in, sprung back in value. This made it attract the attention of investors. They were lured in such huge numbers as to make an impact. This made the value of it to rise again. It now became a highly valued investment.
That is basically the gold market history, the way it begun and how it kept rising and falling. At the moment it has sprung back to one of the most valuable investments and several investors have actually invested in it. The many years that it had been in reserve have seen it come back into the economy with a bang.
Many years back the metal was used as the main medium of exchange. By this it means that it was used as money is currently used. To get a services or goods you had to have it. It also showed how wealthy a person was. They were kept in storage and the owner had a receipt to show that they owned it.
At some point there was the introduction of money. With this introduction the metal gained value. Money made it become so valuable at that particular point in time.
After that period the metal went through another phase where its value dropped tremendously. This was because the monetary system that had been adopted by many states had gained stability. This is what made the value drop so much.
After a long time bullion, which is the form in which the metal is purchased in, sprung back in value. This made it attract the attention of investors. They were lured in such huge numbers as to make an impact. This made the value of it to rise again. It now became a highly valued investment.
That is basically the gold market history, the way it begun and how it kept rising and falling. At the moment it has sprung back to one of the most valuable investments and several investors have actually invested in it. The many years that it had been in reserve have seen it come back into the economy with a bang.
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