The first coins ever produced were made during 6th millennium BC in Lydia, what is now western Turkey out of electrum, which is an alloy of silver and gold and could be found in the rivers in the area. The introduction of these coins is attributed to King Croesus. They were similar to coins produced today; one side had the face of a bull or lion and the other side bore a punch mark or seal. They were an important part of trade during those times and continue to be widely used in both trade and business today. Although the coins have changed, these metals still have many of the same uses they did in ancient civilizations.
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gold,
gold coins,
hobbies,
Investing
Gold keeps its value not only in times of financial uncertainty, but in times of geopolitical uncertainty. It is often called the “crisis commodity”, since people flee to its relative safety when world tensions rise. Gold Price frequently rises the most when confidence in authorities is low.
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gold,
gold bullion,
gold futures,
gold investing,
gold price,
gold trading,
Investing,
investment,
price of gold
During the last several years gold as an investment has been doing better than the stock market. You may be wondering whether it is an advantageous idea to pull back a few of your gold investments due to the value of gold reaching some peaks in the the last 6 months or so.
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economy,
gold,
gold coins,
Investing,
investing.gold,
personal finance,
politics,
silver
As you are currently well aware – the economy and markets are cyclic. In the past decade the value of metal based commodities have soared. These peak prices, over $1200 for gold, show tremendous increases over the past decade.
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business,
commodities,
gold,
Investing,
mutual funds,
precious metals,
silver,
stock market,
stocks