So far only a small minority of people who wish to invest have taken advantage of the internet to purchase gold. Ultimately, investors just want a good return on their money. Gold can provide that through bad times and good ones, and it is now easier than ever to trade it you only need to go to your web browser and find a site that gives you access to quantities and values you wish to buy.
The discovery, mining and uses for gold haven’t changed all that much since the earliest man started finding it but we’re now able to apply our technology and capability across wider areas. The big difference today is the manner in which you can buy and sell it, and who can trade it: previously only the very wealthy could own gold, and even up until as late as the 1970’s ordinary folk did not have the access to gold as they now do.
We’ve taken our technological advantages and applied them to the collection, dissemination and analysis of data to create a vastly more educated and wealthier middle class. The great Egyptian empires understood the power of gold, and used it extensively in decoration and for religious purposes. They believed that gold would help to “fund” their dead’s afterlife. Industry and jewellery manufacturers mainly use gold today. While we sometimes still see it in a domestic setting (think of gold taps) it is not so fashionable as it once was. Possibly because we have almost unlimited access to it these days, via the world wide web, gold has lost a little of its appeal as a substance of beauty.
You can still find Roman and Greek gold coins in archaeological sites around the world. Our attitudes towards gold have not changed much over the centuries, and we still see the metal as “precious”. Even in the 21st century we value gold for its properties and its rareness.
The complexity in the system arises from the fact that so much money is traded daily on the foreign exchange markets that the real value of a currency can become speculative. Gold however is universally accepted especially when a country’s currency has become unstable or massively devalued. Courtesy of the net, you can now jump on a web browser and buy or sell shares in the biggest companies in the world on just about every stock index available, instantaneously.
It was the Greeks and Romans who used gold as “money” – they mined gold for rudimentary coins, which were then used extensively throughout the Roman Empire. There is a possibility that the gold that we use today has been re-worked from earlier items – so that gold watch you’ve been looking at may have had another life entirely! Like all investments, gold undergoes a range of price differences, depending on financial circumstances such as interest rates and supply and demand. The years from 2000 until today have seen an incredible journey for the price of gold – from record breaking intra-day prices (on September 11 2001) and banks increasing their gold reserves.
When you consider the plethora of investment opportunities out there, but then you look at the results, it is almost a no brainer for anyone who wants financial freedom to investigate how they can start to buy gold online.
Author: David C de SouzaThis author has published 1 articles so far.