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Gold Bullion History – From Ancient Times Until Today
Since prehistoric times, gold has been considered to be one of the most precious metals there is. Gold has been used for barter and trade through the olden days and even ancient civilizations saw gold as a symbol of their gods. Since the early days and up until today, gold in all kinds of form has been the standard for monetary exchange.
If you are intrigued about gold bullion history, then read on and get informed on where and when everything began as told in the olden times.
It all began in 4000BC as used as decorative items on ones self, for fashion purposes. By 3000BC gold has taken on as more for being stylish jewelries more than anything else, and by 1500BC it began to become the medium of currency and used as a medium of exchange locally and internationally as well.
Gold bullion is a bulk of gold that can be made into bars or coins. In the Middle East the Shekel is a gold coin that they use as their standard unit of measure it weight is 11.3 grams. In China dating 1091BC used small squares of gold as their form of currency.
However, the gold that was used then was not used in its purest form. The gold bullion was mixed with other precious metals like silver and copper. In Egypt the gold was included with a third of silver.
Lydia in Asia Minor used purely gold minted coins in 560BC. The Roman Empire began issuing their gold coins in 50BC. In 1066AD the England re-established their currency values and started the instigation of the pence, shillings and pounds.
The United States had their own gold coin in 1787AD, there was a time for this country that was held strict to gold standards and even had to eliminate silver. But during the World War I, countries like United States and Great Britain moved down from these standards.
South Africa then came into the picture with their own one-ounce bullion coin named the Krugerrand and then in 1979, the Canadian Maple Leaf was also introduced into the market. Both of these gold bullion coins immediately gained popularity with investors all over he globe.
Other countries started to issue gold bullion coins as well, which had added to the excitement of all investors of this metal. Now, even the public and smaller investors can be included in the pool to be able to own even a partial of this precious metal. See these modern coins:
American Eagles Gold Bullion 1 oz Coin
US $1,966.00
AMERICAN EAGLE ONE TENTH OUNCE PROOF GOLD BULLION COIN 2011 W
US $215.00
American Gold Bullion Coin 1 10 999 Fine Gold 1 10th 31 Grams Gram
US $225.00
GOLD CANADA MAPLE LEAF 1 20 OZ 999 PURE GOLD BULLION RANDOM YEAR COIN
US $284.99
GOLD BULLION Canadian Maple Leafs 1oz 1oz x3 coins TOTAL 3oz GOLD
US $5,800.00
2011 Tenth 1 10 Ounce American Gold Eagle Coin Bullion Uncirculated
US $229.76
1 Gram 999 Fine Palladium Art Bar Mint Bullion rarer than gold free coin
US $95.50
1 OZ 9999 SILVER MAPLE LEAF GOLD SELECT BULLION COIN
US $161.49
If you think about it, increasing investors also increases the value of the gold having it turn out beneficial to both parties.
Even early on in the gold bullion history there has been a great need and significance for this precious metal. It has served a lot of changes and advantages in the trade and industry of every country.
Even with the rise and fall of its value, people are still constant in wanting to invest with it because of the track record it has left in gold bullion history. Possibly throughout the next years gold will only come out as strong as ever making investors happy and confident.
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