Gold is one of the oldest forms of money. It was first used in ancient times to measure the weight of gold objects. The word “gold” comes from the Greek word “aurum,” which means “yellow.” This was because gold was yellow in color. The first use of gold as a form of currency dates back to the 4th century BC, when it was used in the city of Lydia.
In the middle ages, gold was used as money in Europe, Asia and the Middle East. Gold was considered more valuable than silver. In the 17th century, the English began using gold coins. They were called “guineas.” These coins were made out of gold, but were not pure gold. The gold was mixed with copper. The guinea coin was worth about $20.
Today, the U.S. dollar is still made out of gold. It is called the “gold standard.” The gold standard means that the U.S. government only issues paper money. If the government decides to print more money, they simply print more paper money. There is no limit to how much paper money can be printed.
When the government prints more money, the value of the U.S. dollar goes down. This is why the U.S. dollar has lost value over the years. The U.S. dollar is also called the “dollar bill.” You may also hear it called the “greenback.”
If you look at the price of gold and silver, you will notice that they are always higher than their face value. This is because they are worth more than what you paid for them. This is called the “price premium.” The price premium is the difference between the price of an item and its face value.
Gold and silver are both valuable metals. But gold is more valuable than silver. The reason is that gold is harder than silver. It takes more energy to melt gold than it does to melt silver. Gold is also more durable than silver. Silver is soft and can easily be bent and scratched.
Because gold is more valuable than silver, there are many places where you can buy gold. You can buy gold coins at your local bank. You can also buy gold jewelry at jewelers. You can also buy gold bars and other forms of gold at some grocery stores.
You can also buy gold online. You can buy gold online from websites like eBay. You can also buy gold online from websites like Gold-eBay.com. You can also buy gold from sites like Yahoo!Auctions. You can also buy gold at websites like Gold-Store.com.
When you buy gold, you must be careful. Make sure you buy from a reputable dealer. Some dealers sell fake gold. This is especially true of gold coins. Do not buy gold coins that are marked with a mint mark. Mint marks are usually located on the bottom of the coin.
If you are buying gold coins, you should only buy those that have been graded by the grading service. The grading service is the American Numismatic Association (ANA). You can contact them at 888-226-9223.
