22 March 2010

Gold, Beauty and Power

Gold, beauty and power have always gone together. Gold originally was not used for it's monetary value: it was made into jewelry, used to decorate sacred locations and made into shrines and idols ("The Golden Calf"). Gold was excavated in Turkey during 2350 - 2600 B.C. and was valued and owned by the powerful. Prisoners of war were often sent to work in the mines to harvest gold. Today, the monetary value of gold is accepted all over the world and many people have IRA gold as a good portion of their investment program.

A beautiful gold double eagle coin for investing and collection is the St Gaudens gold coin. Named after the American sculptor Augustus Saint Gaudens, the design on the coin is inspired by one of his designs. When it was minted for distribution in 1907 (as a $20.00 gold coin), "In God We Trust" was left off so that the name of the Lord would not be spent or distributed in undesirable places. It still remains a highly sought after coin.

It's never too late to buy gold coins. Even when the world economy was low in the last several years, gold kept it's value. An ounce of gold has seen a continuous increase in value and is still recognized around the world as a solid monetary commodity.