History of Gold
Gold has been widely used throughout the world as money – as a medium of exchange, as a store of value.
The first known coins containing gold was found in Lydia, Asia Minor, around 600 BC. Gold has not only helped to fuel the way people traded through history, but it has heavily influenced our history, whether via precious artifacts, cultures, empires, religion, and wars. It has survived all this, and today it is still seen as one of the most precious metals in the world.
Gold is very desirable by many in the world, however, little know that production is very limited. An example of this is, that if all the gold that has ever been mined in the world was gathered together, it would only fill a 60-foot cube box or the base of the famous Eiffel Tower.
Gold is a pure, limited natural resource that cannot be reproduced. Mankind has substituted the precious metal with paper currency to try to represent gold. In the 19th century, Bills and gold certificates aided the circulation of gold as a form of standard money in industrial economies.
Gold standards and the direct convertibility of currencies to gold were abandoned by world governments in 1971 and Fiat currency now fills most monetary roles – basically nothing but just paper and ink that is printed by governments.
In 1928, $20 in the United States was equivalent to the exchange of 20 gold coins. Today, $20 United States Dollars won’t even buy you 1g of gold. The Gold value has been leaving the currency value by far for more than 50 years. A fact is, When a currency value drops, gold’s value rises. In the past 15 years, gold has risen 580% in value.
Gold Bull Market
Gold is not a new product in the market, it is used in jewellery, electronic connectors and for investment, to name a few. Most people think that buying gold is a spending and only the rich should buy gold.
In Quantum Metal, we want to educate people by supplying the correct tools and products for buying gold. Buying gold is not spending but is an exchange of currency and gold can preserve and enhance your wealth.
People may start saving in gold through Gold Jewellery. But it is not the perfect investment in gold as it has a premium attached to it via the manufacturing process. it has a final retail price that’s marked-up.
Some save in the form of paper gold. Paper gold is just another form of trading in currency; you do not own any physical gold. On the other hand buying physical gold bars or bullions will bring issues around storage and transaction. Also how do you know if your gold safe? Is your gold well insured?
Quantum Metal Gold Storage Account introduces a new era of gold saving tools and systems. We believe we have solved most of the problems people are facing in gold saving. Now everyone can join us in acquiring gold as well as being able to ride on the bullish market.