Gold has a long history of being an important investment tool. In the past, gold was used as the primary mode of trade between many different nations. For example, in the United States of America, gold was being traded ever since it’s colonial roots. Pioneers would seek fur, hemp, and other resources and would willingly exchange gold for these commodities. Additionally, gold was one of the most important incentives for European exploration within the Americas. During the adventures of many explorers, including Christopher Columbus, the main factor in whether or not the monarchies, or other important bankers would fund the explorations would be based on whether or not gold could be found. When Christopher Columbus showed up in Western Europe with gold from Hispaniola, modern day island of Dominican Republic and Haiti, the drive for exploration was increased heavily. Although Christopher Columbus would not return with the same amount of gold he originally discovered, there was hope for colonization in the region because of this important precious metal. Silver would be found later, but silver has never been as highly demanded as gold.
The history of the gold buyer is mostly based on an economic tool to pay for many things, especially warfare, and in the modern world history, the backing of currency. The United States of America is an important nation to consider concerning the use of gold as a form of currency. In its early days, the United States used gold exclusively for trading, but this would take a turn during the financial crises that arose during World War I. Eventually, the United States would turn to using fiat currency, which it always has, instead of precious metals for trade. But when this system took another dive after World War II, gold would not be used as a backer of fiat currency. Gold would be completely separated from the trade realm and be put aside as a commodity only to be traded, therefore fiat currency would only be backed by debt. This method would be followed up by the rest of the world, in which we are living in the present day.
Gold is an important commodity, and everybody should consider becoming a gold buyer. The most precious metal in the world may be gold, although there are other metals such as platinum or silver, both of these metals have not had an impact on current and past affairs such as gold. Gold continues to dominate many industries, especially the jewelry industry where diamonds are placed on gold earring or rings. The future, just like the past, is embedded in gold.