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Choosing Between Paper Money And Gold Money

The financial crisis has made all of us rethink our attitude towards the importance and role of gold in our lives

. Most of us regret the days when spending was all we did, not thinking about the way we could save some money for less productive days. Man's preoccupation with money dates from the beginnings of history and is still of great importance today. Ancient people's need to trade their goods freely outside their region and have an exchange object that could be easily stored and transported led to the invention of money.

In our times we mostly encounter paper money, which can be used only in a particular area or country and has to be exchanged in a different currency when one wants to travel abroad. This would have seemed a bit awkward in the past when people were used to gold and silver coins. However, nowadays gold is too rare and people too lazy for this kind of money.

Nowadays paper money represents the norm due to the commodity of its use and of course due to the fact that there is little gold left. However, we can all notice that the old gold coins had some important advantages. One could use the same coin in every country without ever having to resort to exchange offices and worry about losing money in the exchange rate. Moreover, the gold and silver coins were more visual appealing than the plain paper money we have today.

There are o signs that we will ever have the chance to use gold as an international coin ever again, but there are people who are still buying gold coins. This is a good opportunity to invest in something truly safe and to collect true pieces of cultural heritage. British sovereigns are very popular among collectors and investors due to their long life and importance for the British history. People are usually very much impressed by the fact that the first British sovereign dates from 1489.


The great advantage of buying gold sovereigns is that one can acquire a true piece of history together with a great investment. It does not matter if one is a collector or just investor, buying gold sovereigns is a good idea for both categories of people. However, it is crucial to choose a reliable dealer and pay really good attention to the prices.

by: Jack Wogan.
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