Last Updated on May 11, 2023 Posted by Colonial Acres Coins
Gold is a precious metal that has been used for centuries for its beauty, durability, and rarity. Gold bullion (in bars or ingots) is also a valuable investment, since its value has held steady over years and decades. Here we will take a closer look at gold, including its history, why it is so valuable, and why it still matters today.
History of Gold
Gold has been used by humans for thousands of years. The earliest known use of gold dates back to 6,000 B.C.E. in Mesopotamia. Gold was used to make jewelry, coins, dinnerware, and garment stitching. It was also seen as a symbol of wealth and power.
In ancient Egypt, gold was used to make masks for the pharaohs. These masks were believed to help the pharaohs in the afterlife. Later, in ancient Greece and Rome, the philosopher Aristotle believed that gold was the perfect metal because it was both beautiful and durable. The Roman emperor Julius Caesar was known for his love of gold. He even had a golden throne.
As society progressed with global trade and capitalist superpowers, currency was backed by gold, where it was minted and kept in underground vaults. Up to this day, gold carries the same gravitas it always has.
Why Gold Is So Valuable
There are many reasons why gold is so valuable. First, gold is rare. It is estimated that there are only about 200,000 tons of gold in the world. This is a very small amount compared to other metals, such as iron and copper.
Second, gold is durable. It does not tarnish or corrode, and it can be melted down and reused. This makes it a valuable investment, as it is unlikely to lose its value over time.
Third, gold is beautiful. It has a unique luster that is prized by jewelers, consumers, and investors alike.
Why Gold Still Matters Today
Gold still matters today for a number of reasons. First, it is a valuable investment. Gold has held its value over time, and it is a good way to protect your wealth from inflation.
Second, gold is a good store of value. It is not subject to government or financial institution control, so it is a safe haven in times of economic turmoil.
How To Buy Gold Bullion in Canada
One way is to buy it from a local coin shop. There are many coin shops in Canada that sell gold bullion. When buying from a coin shop, it is important to do your research and make sure that you are buying from a reputable dealer.
Another way is to buy gold bullion online. Buying online allows the gold to be shipped directly to you, and you can browse a large inventory from the comfort of your home.
Colonial Acres Coins
Colonial Acres Coins is a reputable bullion dealer. We offer a wide variety of gold coins and bullion bars, including products from the Royal Canadian Mint. We are confident that you will be happy with our products and services. Send us a quick message to learn more today.