24 January 2011

The Gold Standard

Archaeologists think the first use of gold was in the Middle East where civilization began. The oldest pieces of gold jewelry were found in the Egyptian tomb of Queen Zer and Queen Pu-abi of Syria. The tomb of King Tutankhamen (Tut) was discovered undisturbed by modern archaeologists. Throughout the course of history, gold (that was often transformed into gold bullion) was discovered in Rome, Peru, Europe and the United States among other places.

The gold standard was meant to stabilize the global economy with the premise that nations had to limit the issue of currency to the amount of gold (bullion) held in reserve. In the last few decades, people have started to invest in a gold IRA as part of their retirement plan. Gold and silver are tangible assets and have survived the economic ups and downs of the past few years.

Before you buy gold be sure you know what you are investing in by getting a free gold investment kit from regalgoldcoins.com. Talk with their account executives to get any questions resolved before investing money.