Gold has always been a popular investment for uncertain times. President Herbert Hoover's said in 1933, "We have gold because we cannot trust governments." The history goes back 5000 years. This is the story of how it went from an international currency to an investment we all can own.
In 1821 when England enacted the first gold standard, making their money backed by gold, nearly all international trade imbalances were settled with gold. This made a strong incentive for governments to stockpile gold for hard-times.
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