Gold is money and money is a currency. Thus gold is a form of currency, its acceptance in 194 countries, is of this world. Many people know the importance and hedging of treasury assets in gold in recent decades has been lost. Without gold, there would be no money, because when they started to trade in gold, it was deposited in banks and evidence was obtained as a receipt for the amount of the stock. These were the first unofficial banknotes of the world. The trading of bank notes was thus born, and quickly recognized banks, such that gold deposited banknotes were playing an increasingly important role in society, and soon led the first official notes have been deposited with the gold one. Today, the world has no more money, whose value is backed by gold. Thus, paper money is only one currency that has no real value.
Posted on: Fri, 03 Oct 2014 22:06:56 +0000
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