In fact it has been used as money in some of the earliest recorded cultures on Earth.
In the past, people have sold their unwanted gold ornaments to merchants to be melted down to produce new items.
Gold jewelry has been used as money and currency in many forms in cultures throughout the world
and people still use gold as a form of money today.
Gold may not be used as currency anymore but it still has its place in
the world of commerce and a solid investment for the future.

Why purchase gold as a commodity

While some may dismiss gold as a commodity that will lose its shine in time,
the fact remains that gold retains its value and is still a sound form of investment today.
Gold may not be as liquid as silver, but it is still a good form of money in today’s economy,
especially when you look at the current economic turmoil in
the world and the real and expected economic slump that is soon to come.
Many pundits claim gold is the real thing, the currency of the future,
and in a world where paper money is beginning to diminish, gold is still the one true money.
There is no comparison between the value of gold and paper money that is slowly fading away in the changing economic climate.

Before investing in gold

If you are thinking about investing in gold, you have to do a bit of research first.
First off you need to know what is the current value of gold in US dollars and what is the value of gold in British pounds.
Once you know these numbers, you can get an idea of the future value of gold, and thus the value of your gold in UK pounds.
Now, you may ask what is the difference between the current price of gold in US dollars and the historical price of gold.
The answer is that the price of gold in US dollars was manipulated and the value of gold in British pounds will not be manipulated.

In the US, the Bureau of Engraving and Printing has been allowed to print
more money and also increase the official price of gold in US dollars.
This has given the impression that gold is now at a very inflated price.
All currencies are inflated and since gold is the only currency that retains its value, this has given gold an air of exclusivity.
However, gold is only an air; in the same way, US dollar is only a paper currency and nothing more.

The economy impact on gold as investment

At the same time, the economic slump is about to hit the world with full force and with it, all currencies will be in trouble.
This is because the debts of developed countries have increased and will keep on increasing.
With the debt of countries like USA, the US debt is about to cross the $40 trillion mark.
This is already alarming because every dollar that is spent, more debt is created.
With a debt of this magnitude, the value of the dollar will not have an upper hand anymore.
This will result in severe decline in the value of the US dollar.

The US government is trying to solve the debt problem by printing more money.
The result is inflation; in the US and other countries inflation is seen everywhere.
At the same time, with the introduction of more and more money, the value of the dollar will also be decreased.
This is like driving with a tank and going over a cliff.
The result will be even more people to buy gold and thus higher prices for gold and
hence even higher prices for the jewelry that is made out of gold. In this way, gold will continue to be at the top.
Therefore, you can not just keep your gold jewelries in bank and expect that it will be safe.

Main reason for purchasing gold

Gold has been proven to be the safest form of investment.
It is the sole form of investment that has not suffered in fluctuation and that offers the lowest risks.
The prices of gold are going to increase from now on, you need to have it at the top and have it now.

This is an opinion based on fact that the price of gold has gone up.
It will continue to go up. The price of gold can only go up if people buy gold as it is a form of insurance against inflation.

A further reason for purchasing gold is that the value of the gold will continue to rise.
In case you need money, the safest form of investment is to have
your gold stored in a safe vault at a bank in Switzerland or some other place.

Finally, some other reasons that are known to exist for purchasing gold.
You may want to ensure that your assets are secure at a time of national emergency.