A History of Gold Investment in the United

States By Independent Living Bullion

Headquartered in Eagle, Idaho, Independent Living Bullion provides for its clients expert guidance on a variety of precious metals products. Independent Living Bullion also offers for sale such products as bars and bullion rounds made of metals like silver and gold.

Introduction

A popular investment choice, gold has been used as currency and store of value since Egypt in 1500 BC. Moving forward thousands of years, to 1787, the United States issued its own gold currency -- originally designed by goldsmith Ephraim Brasher. Twelve years later, gold was discovered in North Carolina, leading to a gold rush that lasted into the early 19th century. Recognized as a valuable element, gold mining and refining became a major industry.

About Gold

The Gold Standard Act of 1900 obligated the United States to introduce and manage a fixed exchange rate in correlation with the gold standard rates of other countries. Though the gold standard was eventually phased out, and limitations on minting, licensing, sale, purchase, and ownership came into effect in the 20th century,

The Gold Standard Act of 1900

Gold has generally continued to increase in value -- particularly as the dollar has decreased in purchasing power as a result of inflationary monetary policies. Priced in U.S. dollars, gold is valued at 60 times higher than 100 years ago. And gold today is worth well more than four times what it was less than a decade ago.

Conclusion