Is Gold Still a Substance Worth Investing In? May 15th

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Is Gold Still a Substance Worth Investing In?From gold stocks and ETFs to buying actual gold, you’ve got options when it comes to investing in this most regal of metals. But, what is gold’s purpose, and why should an investor even get into the market? As an asset, gold’s intrinsic qualities make it a necessary part of an investment portfolio. Here, we’ll focus on gold’s purpose in modern economics, and you’ll learn how to get into the gold market.
Gold: A Brief History
To understand the metal’s purpose, one must first look back to the very beginning. Gold was first used as jewelry by the ancient Egyptians, but it wasn’t used as currency until about 560 BC. With the creation of stamped gold coins, merchants had a standardized, transferable monetary form.
Gold’s importance continued to grow, with relics from ancient empires displayed in the world’s museums, until Britain developed its own metal-based currency in the year 1066. Eventually, gold became a symbol of wealth throughout Asia, Africa, Europe, and the Americas, and companies like the LPM Group became prominent…

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