Posts

Showing posts from July 19, 2016

Golden Time to Invest in Gold Bonds

Image
All that Not Glitters are also Gold. :) Gold is one of the precious metal, It is as precious as time. We compare phases as golden time or golden age etc. Gold trading has a long history. Discovered in ancient times, gold has been a sign of wealth and social position in many societies since it was first used as currency. Today gold is still an important material of trade and business. Gold coins as medium of exchange was since from ancient times of India. They circulated as currency in many countries before the introduction of paper money. Once paper money was introduced, currencies still maintained an explicit link to gold (the paper being exchangeable for gold on demand). Sir Isaac Newton compared the value of gold to silver in his system of measurement. Some people think that this was when the gold standard was first set. Countries value gold as a measure of wealth and a base of exchange. Individuals value gold as insurance because paper money is not always ce