The Advantage Expensive Gold
Aurum Advisors lets gold’s 5,000 year old track record speak for itself. From the pharaohs in Egypt, gold has had value and performed well for investors throughout the rise and fall of every civilization known since the beginning of recorded time and will continue to perform well for investors for centuries to come. Over the last 10 years gold has out performed virtually every other investment out there. From stocks to bonds to real estate, there has not been any other investment that not only provides an above average return but also the feeling of security associated with just leaving your money in a savings account.
Gold coins and silver coins were a vital part of commerce as far back as the early civilizations of Sumer and Egypt. A French historian saw gold coins as the “lifeblood of Mediterranean trade in the 2nd millennium BC”. Initially gold coins were traded simply by weight which could then be cut up into small chunks or drawn into wire. And gold coins, were seen more as a standard of accounting or for taxes to rulers or temples, rather than for general circulation among the common folk. The first real gold coins were not made until the 6th century BC in Lydia (Western Turkey). They were made from electrum, natural alloy of gold and silver found in the rivers of the region.
Facts about the definition of the element gold is defined as, A soft, yellow, corrosion-resistant element, the most malleable and ductile metal, occurring in veins and alluvial deposits and recovered by mining or by panning or sluicing. A good thermal and electrical conductor, gold is generally alloyed to increase its strength, and it is used as an international monetary standard, in jewelry, for decoration, and as a plated coating on a wide variety of electrical and mechanical components. The most common uses of Gold are in Currency, Coinage, Jewelry, Tableware, Dental alloys and Electronics
