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Revision as of 05:12, 30 August 2024

We pay leading rates in cash money for gold and silver bullion. Gold has been widely made use of throughout the globe as cash, 158 for efficient indirect exchange (versus barter ), and to store riches in heaps For exchange purposes, mints produce standard gold bullion coins, bars and various other units of dealt with weight and pureness.

Although the rates of some platinum group steels can be a lot greater, gold has long been considered the most desirable of rare-earth elements, and its worth has been used as the standard for lots of money Gold has been made use of as an icon for pureness, value, nobility, and specifically roles that integrate these properties.

Exploitation of gold in the south-east edge of the Black Sea is stated to date from the moment of Midas, and this gold was important in the establishment of what is probably the world's earliest cash in Lydia around 610 BC. 92 The legend of the golden fleece dating from eighth century BCE may refer to the use of fleeces to catch gold dust from second deposits in the old world.

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