Gold is the one of the most precious material not only in Earth but also in the Universe. Two neutron stars have to collide for the formation of Gold. This event is relatively rare, thus the total amount of gold in the universe also rare. Since this precious metal is rare, gold price is high when its price compared to other metals prices. Then it is very good investment for the ordinary investor. Cash for Gold is the concept that you can sell any kind of gold, platinum and silver that you own, on the internet. You could get good amount of cash depends on the situation and the amount of gold, platinum and silver that you will sell.
History of Gold Market
Lydian people who lived in the Anatolia at 600 BC, is the first civilization that used gold for the exchange. They made alloy of gold and other metals to create coins. After that, usage of gold for the exchange is spreading through other civilizations until the 18th century. In the 18th century Britain had started to use Gold Standard which is the system that fixing gold price to purchasing power. In other words, currency of the country. For instance, until 1971, if you gave gold to central bank, you could get US dollar for every ounce gold that you give. In means, you got some Cash for Gold.
Today
After 1971, gold standard has changed in USA. You couldn’t receive dollars for gold any more. That means, central banks are monetizing money for nothing! This situation makes investing currencies is risky. However, gold has a still valuable metal in the all stock market in the world. It hasn’t fix value and price of gold sharply increased in the world market in times of crisis because it is consider as a safe investment. Investing gold or other valuable things like silver and platinum is a wise thing that you can do. These metals are real things and in the times of crisis, you could sell them and you could get really good Cash for Gold. You can sell them even if it’s a scrap gold, silver or platinum. These concept is popular today and going to be save you in the future when the currencies going to be bankrupted.
