Gold as an investment may look unusual to many, but it is a good investment indeed. Since ancient time, Gold has been used as a form of money, that is, as a store of value and as a medium of exchange. The history of usage of gold in this role dates back to at least more than 2,500 years and probably even to earlier times. Until very recently, until 1971, most of the central banks of most of the countries used to follow a system called Gold Standard, which plainly speaking attempted to give value to paper currency in terms of value of gold. However, in 1971 an international conference of sort took place and a system called the Bretton Woods system was introduced. With this, the gold lost its position as a pivotal commodity to decide the value of currencies. This has not affected the utility
| Attributes | Values |
|---|
| rdfs:label
| |
| rdfs:comment
| - Gold as an investment may look unusual to many, but it is a good investment indeed. Since ancient time, Gold has been used as a form of money, that is, as a store of value and as a medium of exchange. The history of usage of gold in this role dates back to at least more than 2,500 years and probably even to earlier times. Until very recently, until 1971, most of the central banks of most of the countries used to follow a system called Gold Standard, which plainly speaking attempted to give value to paper currency in terms of value of gold. However, in 1971 an international conference of sort took place and a system called the Bretton Woods system was introduced. With this, the gold lost its position as a pivotal commodity to decide the value of currencies. This has not affected the utility
|
| sameAs
| |
| dcterms:subject
| |
| dbkwik:finance/pro...iPageUsesTemplate
| |
| abstract
| - Gold as an investment may look unusual to many, but it is a good investment indeed. Since ancient time, Gold has been used as a form of money, that is, as a store of value and as a medium of exchange. The history of usage of gold in this role dates back to at least more than 2,500 years and probably even to earlier times. Until very recently, until 1971, most of the central banks of most of the countries used to follow a system called Gold Standard, which plainly speaking attempted to give value to paper currency in terms of value of gold. However, in 1971 an international conference of sort took place and a system called the Bretton Woods system was introduced. With this, the gold lost its position as a pivotal commodity to decide the value of currencies. This has not affected the utility of gold as an investment, and gold continues to remain a good investment option. Most of the countries and the central banks continue to hold large reserves of gold. For individuals also gold continues to remain an attractive medium of investments. It is a good store for value and is considered a very safe investment particularly during crises like war or international tension and turmoil.
|
![[RDF Data]](/fct/images/sw-rdf-blue.png)