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Historically, gold was used as a currency around the world. The importance of gold in history is evident from the Gold Standard, a monetary system in which participating countries made a commitment to fix their currencies in terms of gold. Although this system has been abolished, gold has still retained its importance.
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Gold has always been one of the best mediums of investments, and it is still the same today. In times of recession and financial meltdowns all over the world, gold has not lost its value, rather gold prices are on an all time high. In the past few years, prices have risen to their highest levels since the early nineteen eighties. The main reason behind the rising gold prices is that the investors have lost confidence in paper money, and looking towards the intrinsic value of gold in order to protect them from inflation. Shop - Bullion & Storage
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