Romans started issuing gold coins called Aureus in 50 B.C. Better is to click here or visit our official website to know more about where to buy gold bars.It is hence not very formidable to say that gold coins were the currency i.e the buying and selling capacity of people in the ancient ages. From Chinese to Greeks and Romans, gold coins and bars were a regulatory economic factor. In addition to Barter, gold was a standard currency with a good amount of value attached to it.
In 1284 A.D, the Great Britain started the monetary system based on gold and silver coins. The U.S issued gold coins in 1787. The industrial revolution and the advancement in every field after renaissance in Europe led to the discovery of gold widely. This worldwide discovery of gold specially in Brazil and South Africa is significant in this regard. After the Great Depression, most of the countries switched to the paper money from gold currency.
Before that till 1933, Gold was the major currency worldwide. Since the ancient times, selling of gold coins was more common mainly because of the easy transport and acceptance in world. Selling gold bars has been for large investors and buyers. In ancient times, traveling was not as easy and gold bars were very heavy a trade to carry to different parts of the word. However, the treasuries of kings in ancient times were flooded with gold bars and gold coins equally.
A question must be arising in your thoughts how to buy gold and silver, answer is simple you are at right place. Trading in Gold coins and gold bars has been seen frequently in ancient times. Gold ingots were gold bars used in trading. It was not until 20th century that gold bars and gold coins were stopped being issued as a currency by Government and instead convertible currency system was introduced. After that , gold price did not remain stable all over the world and differs with different currencies.
Now gold bars have become as instrument for holding together the value of gold in one piece regardless of any currency and is a universal instrument. Now gold coins and gold bars are not used as currency but as investments. Gold bars as well as coins have different qualities. Bullion gold bars and coins are used widely by entrepreneurs to preserve gold in exchange of currency. Many economists now consider gold coins and gold bars as instruments of reducing inflation. If needed interested individuals can click here http://www.swissbullion.ch/buying-gold-and-silver or visit our official website in order to know about where to buy silver bars.