Gold has always played an important role in the international monetary system.
Gold coins were first struck on the order of King Croesus of Lydia (an area that is now part of Turkey), around 550 BC.
They circulated as currency in many countries before the introduction of paper money.
Once paper money was introduced, currencies still maintained an explicit link to gold (the paper being exchangeable for
gold on demand).
Invariably Gold can be referred to as Money since it circulated as currency of purchase and exchange.
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FIRST LAWS OF GOLD
Gold comes gladly and in increasing quantity to any man who will put-by not less than one-tenth of his earnings to create an estate for his future and that of his family.
SECOND LAW OF GOLD
Gold labors diligently for the wise owner who find for it profitable employment multiplying even as the flocks of the field
THIRD LAW OF GOLD
Gold clings to the protection of the cautious owner who invest it under the advice of men wise in handling it
FOURTH LAW OF GOLD
Gold slips away from the man who invest it in businesses or purpose with which he is not familiar or which are not proved by those skilled in its keep
FIFTH LAW OF GOLD
Gold flees the man who would force it to impossible earnings or who followed the alluring advice of tricksters and schemers or who trust it to his own inexperience and romantic desires in investment.
Steem Dollar is Gold for Steemians, it is a currency of exchange and I hope this write up has given us insight on how to handle that which has a great value to us.
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