Coinit Gold Investments started in 2004. Four years of studying the markets, global economic trends, currency wars, sovereign economic policies and an MBA resulted in the choice to include gold into my personal portfolio.
Gold Price Index
Gold has served as money for thousands of years until 1971 when the Gold Standard was abandoned for a FIAT currency system globally. Since then, Gold has been used as a reserve currency and traded as a commodity for investment purposes. However, the wealthy use it as a risk haven to protect their assets.
Education
The history of money concerns the development of social and economic systems that provide at least one of the functions of money. Such systems can be understood as means of trading wealth indirectly; not directly as with barter. Money is a mechanism that facilitates this process.
Money may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money), be legally exchangeable for something with intrinsic value (representative money), or only have nominal value (fiat money).
