How can the average person earn money with gold?

It is called precious, luxurious and noble metal, the metal of kings. It is the first good that comes into one's mind when hearing the word 'wealth'. Of course, we are talking about gold.

Where there is gold, there is money. This is how the “magic” of gold works - it multiplies your income. Learn how to use the power of gold to attract money to your bank account and all the details of buying gold bars from the Global InterGold experts.

Why does gold bring wealth? A glimpse into history

This rule originated centuries ago and remains topical nowadays. When was the first gold found? According to scientists, people first started to mine it in the middle East during the Neolithic around 5000 years BC. Gold was taken from this region to other countries such as Egypt and Mesopotamia, where the first gold jewels were found, dating around 3000 BC.

In ancient times – though the same could be said today – gold was highly appreciated and was a reserved privilege for royalty, as shown in the archaeological findings of golden jewelry in royal graves and in folklore.

A reality-based myth

The famous Greek legend of Jason and the Argonauts tells the story of their search of the Golden Fleece and is a great example of a reality-based myth. The story includes many mentions of gold to which magic power is often attached e.g.: Apollo's golden arrows, Medea's golden flying chariot, and the Fleece itself – the symbol of the royal power.

It is known that myths and legends are often based on true facts. The legend of Jason and the Argonauts is not an exception: the Golden Fleece represents a way of obtaining gold in ancient times. People used to put sheepskins on the bottoms of rivers and left them there for several days. Water usually contained gold nuggets which were trapped in the sheepskins.

Apart from legends, great antique philosophers and poets have often used gold in their masterpieces. For instance, Homer mentioned it as “the glory of the immortals and a sign of wealth among ordinary humans”.

Gold, the real money
If we look back at history, we can see that gold played the role of today's paper money. However, whereas gold still keeps its economic value, paper money's value varies over time and depending on different factors, as it was created merely for the sake of convenience.

Before the system was gold standard until the 20th Century when – despite economy experts' warnings - it was gradually abolished country by country such as Great Britain in 1931 and United States in 1933.

Why was gold chosen for this monetary system? Since the creation of money, several commodities were used as money and those with a low value were gradually discarded leaving gold as the sole commodity valuable enough to serve this purpose.

It was also convenient to make gold coins and bars given its malleability – making gold an ideal payment tool.