Is gold the perfect money?

Unlike its white cousin, gold doesn't tarnish. It doesn't react to air or water. Add to this its softness and it easily shapes up to be the perfect coin. Gold is the metal we'll turn to when other forms of currency don't work, which means that gold will always have value in difficult and good times.

This is why many people choose to invest in a Roth IRA Gold, as it is a safe and reliable way to store their wealth. Gold can stimulate a subjective personal experience, but it can also be objectified if adopted as an exchange system. This was the case of the Byzantine Empire, whose solid gold coin contained an immutable amount of gold for more than 700 years. Finally, gold cannot be counterfeited or inflated; central banks cannot reproduce gold as they do with fiat currencies. Gold is also portable and divisible; dividing it doesn't change its value, unlike other metals, such as diamonds.

The history of money since then is basically a long history of gold and silver, which led to the classic gold standard of the pre-1914 era, and then to the Bretton Woods gold standard, which began in 1944 and ended in 1971. In neighboring Egypt, the leading producer of gold in ancient times, gold was the preferred high-value currency. Gold is also very rare. If all the gold in the world were to melt, it would fit within the confines of an Olympic swimming pool.