In ancient centuries, investing in gold was one of the complex investments for many investors. The commercial dealing with gold was through exchanging a commodity for gold and silver, so storing and saving gold in a safe place was an important matter. Therefore, investing in gold contributes to building wealth, achieving financial goals, and providing financial security.
Now, investing in gold has become smoother and less complicated, and anyone can invest in gold in 2024 in a number of ways. In this article, we mention some convenient and safe ways to invest in gold.
History of investing in gold.
Gold has been a symbol of wealth and prosperity for centuries. The history of gold and the use of gold goes back to ancient times when it was used to decorate the pharaohs of Egypt. It is also known that the Prophet Joseph, peace be upon him, exchanged gold for wheat and wheat.
Over time it has become a symbol of power, prestige and wealth, but what makes gold so special?
The answer lies in its unique properties. Gold is one of the most malleable and malleable metals, meaning it can be easily shaped into different shapes and sizes. It is also highly resistant to corrosion, making it an ideal choice for jewelry and other decorative items.
Ancient civilizations obtained gold and silver from a variety of resources. Taking the Middle East for example, ancient cultures valued gold and lavishly decorated their temples and tombs with it out of respect for their gods and important figures.
Perhaps the most famous production of gold extracted from gold mines dates back to the year 3100 BC, and that was in ancient Egypt during the pre-dynastic period, which made the ancient Egyptians among the first civilizations to extract gold ore on a large scale. Although the beginnings of gold mining and the "Golden Age" in pre-dynastic Egypt remain unknown, the ancient Egyptians almost certainly harvested gold and silver extracted from alluvial deposits during that era.
The tomb of Tutankhamun, from the Eighteenth Dynasty of Egypt, was discovered by English archaeologist Howard Carter in 1922, and is considered the most famous discovery of pure gold in Egypt (and in history). King Tut's inner casket, which weighs approximately 110.4 kilograms (243.4 pounds), is one of the handicrafts made of pure gold, and is considered one of the most important artifacts of the ancient Egyptians.
During the Roman Empire, gold became a form of currency, and the gold coin Aureus was introduced for ancient Rome ("aurei" is Latin for "golden"). Originally, the Aureus was worth 25 denarii of pure silver and was issued regularly from the 1st century BC until the early 4th century AD.
In 312 AD, Constantine the Great introduced another gold coin, the solidus, in an attempt to replenish the rare and reliable Roman currency and become the new monetary basis in Europe. Constantine's establishment of a stable monetary system, unlike the Romans who abandoned it, helped lay the foundation for the Byzantine Empire to become the next world superpower. But how was all the gold used to mint all the gold coins obtained? Let us now explore the history of gold mining.
Investing in gold online
Investing in gold or trading in it has become one of the most important types of investments, especially since gold is considered a safe haven that does not lose much of its material value, regardless of the fluctuations or economic crises.
As we entered the Internet era and the start of investment and trading operations via the Internet, gold in turn entered the trading, buying and selling operations electronically on various global stock exchanges.
The world of online trading has become a large world with many psychological metals on offer, most notably gold, in addition to stock markets and investment funds.
But in the world of online gold trading, you will not store gold and keep it in a safe place, as was the case in the past, but rather invest in gold prices through contracts for differences according to the place or time you choose.
In order to start trading gold online, you must follow the following steps
- Open a trading account in any company to trade psychological metals electronically with a small amount.
- Download the trading platform.
- Choose gold trading and start your trading operations.
At the conclusion of this article, you should pay close attention to using different analysis tools, which will provide you with different forecasts about the expected rise or fall in gold prices, which will enable you to adjust online trading operations.
Test the success of your strategy with small amounts of money, until you do your own analysis and compare 4 different time frames.
Do not forget the history of gold and be sure that it is one of the best investments from ancient times until now.