A Fungible Investment

>> Thursday, August 12, 2010

History tells us that the first persons that began commissioning gold coins were Egyptian Pharaohs at around 2,700 BC. These gold tokens of varied purity were used primarily not for commerce but as gifts. These days, however, gold coins are highly in demand as investment products. We all know that gold is scarce and that makes its value stable. Many prefer to invest on gold coins not only because its value rarely depreciates but also because it is fungible or can be easily traded. Financial experts believe that now is the best time to invest on gold because world demand exceeds annual production.

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