Gold value information

First of all, gold is an asset. Rarity, gold is very precious gold, and gold to preserve the stability of gold-friendly, so gold is not only the material wealth of mankind, and become an important means of storing wealth, the gold has been especially favored mankind.

Green gold historians pointed out: "Ancient Egyptian and Roman civilizations are propagated by the gold up." Seizing possession of more gold in ancient Egypt, ancient Roman rulers militaristic power. http://i.cn.yahoo.com/catwebsite/blog/p_9/

2000 BC to 1849 BC, the ancient Egyptian rulers successively Nubian (the upper reaches of the Nile a small country, has a wealth of gold resources) carried out four predatory war, the occupation of all Nubian gold. 1525 BC to 1465 BC, Egypt 18th Dynasty King also has launched two wars, from the plunder of Palestine and Syria a great deal of gold and silver. Substantial inflow of Egyptian gold and silver, so that increased wealth in Egypt, so that they have the capacity to build large-scale water conservancy projects, development of agriculture, the construction of luxurious palaces and cemetery for human Ammon left enormous ruins of the Parthenon and the pyramids. Only the tomb of Tutankhamen in the coffin of gold weighing 110 kilograms on.

BC ancient Egypt for 47 years has been the Roman Empire occupied Rome, showed plundered from Egypt 2822 Golden Delicious, Golden Delicious weight 8 kg each, for a total of 22.58 tons; also demonstrated the 1815 tons of silver. Procession carrying gold and silver weighing Tarrant 65000, about 1950 tons. The accumulation of gold and silver to make the Roman Empire's national strength increased, so that they have the ability to build a group of magnificent buildings. but is still literature, history, law, philosophy and the human aspects to a profound impact.
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Gold is also a modern industrial civilization and material basis.

The sixteenth century, the opening of new routes and the discovery of the New World of European economic life had a dramatic impact, including the Americas, Africa's gold and silver flowing into Europe, the European capitalist primitive accumulation increased. Portugal in the 16th century, plundering of gold from Africa up to 276 tons; Spain's gold and silver plundered from the Americas more end of the 16th century, Spain took control of the world's gold production of 83%. Substantial inflow of gold and silver, resulting in price increases in Europe, there has been the first time the price revolution, the disintegration of European feudalism and capitalist relations of production to build to a huge boost. The 17th century for Portugal against Spain, allied with the United Kingdom and the United Kingdom of industrial products and opening up the market. At this point in Portugal under the control of the development of climax of the rise of gold in Brazil, Brazil gold entirely possible into capital, by the completion of the Industrial Revolution in Portugal, but because of the feudal and autocratic rulers, Portugal has become a gold funnel, the majority of gold flowed into the UK. Inflow of the treasury of the United Kingdom only have 600 tons of gold, coupled with the influx of other countries, so that the United Kingdom quickly accumulated a huge amount of monetary capital, taking the lead in the implementation of the gold standard in 1717 for the UK financial system provides a reliable economic security . Therefore, the second happened at this time the price revolution, not only did not affect the UK's financial services industry, but merchandise exports for the United Kingdom created the conditions, the United Kingdom all over the world exports accounted for a total of 1 / 4. The industrial revolution in England has finally happened.

Contemporary gold's role has changed, but the States still reserves some 31,000 tons of gold wealth, needs to prepare for any eventuality; there are more than 20,000 tons of gold are privately owned investment wealth. So some people think human beings for thousands of years now produced about 140,000 tons of gold into about 4, as financial assets exist in the financial field, are about 6 into the general merchandise, the main function is used for consumption.

Secondly, gold is a currency. Gold as a currency in a very long history, unearthed in ancient Alexandria, Rome 2300 years have elapsed since the gold, Persian gold coins have been 2500 years of history. China's earliest existing coins are the Spring and Autumn when casting Chu's "Ying love", since others also have 2300 years of history. However, these coins only in a certain range, the region of the coins in circulation. Gold has become a world-recognized international currency are emerging in the nineteenth century "gold standard" period. "Gold standard" that gold can serve as a domestic means of payment for the circulation of clearing; can be used as an international hard currency of foreign trade settlement. Although as early as in the United Kingdom in 1717 first introduced the gold standard, but it was not until 1816 it was formally identified in the system given. After Germany, Sweden, Norway, the Netherlands, the United States, France, Russia, Japan and other countries have announced the implementation of the gold standard. Gold standard gold currency attributes are its peak performance. The implementation of the gold standard around the world more than 200 elderly people, the shorter a few decades, while China has always been the gold standard does not apply. Because after the outbreak of World War II, countries have gold control, difficult to maintain the gold standard. On the eve of the Second World War, in the United States under the guidance of the Bretton Woods Conference convened by the relevant resolutions and decisions in order to set up dollar-centered international monetary system, but linked to the dollar and gold, the United States commitment to take up the dollar by 35 1 ounces Gold's international obligations.