For the most part of human history gold as well as silver has been as money and even after the advent of the 20th century gold was still seen a relative standard for currency equivalents that were specific to nation , right up to the first World War, when these ‘relative standard concepts were suspended as financial crises crept into economies and soon after the Second World War the Bretton Woods system was put in place and this basically pegged the USD to gold at an exchange rate that was 35 dollars for each troy ounce and this system lasted right up to 1971 when the Nixon Shock suspended convertibility of dollars to gold and opted for fiat currency instead. Based on all these facts, it could be easily said that gold has been an important aspect of economies for a long time and reviewing the torn and tattered financial systems that are in place in the current era it will not be long before the world looks on gold as money again.

This raises the question if there is a future in investing in gold or gold bullion to be exact and the answer to that question is YES there is, and in a big way at that. Gold and silver in fact are more than just precious metals, they are in fact the ultimate store of value, meaning when the fractured financial systems that are currently in place finally collapse under its own weight, the only thing that people can and will turn towards to conduct trade is gold. If we observe the rise and fall of gold prices, what becomes evident is that each time the global economy falters, the prices of both gold and silver increases and sometimes these increases are phenomenal as we can note in 2011, when prices of gold peaked at 1,900 dollars per ounce.

At this time the global financial crisis was at its peak and people had lost confidence in conventional commodities and stock markets as well as other financial instruments and started dumping them in favour of gold, this caused a rally that pushed gold prices up. However only those who bought gold bullion and sold in time came out on top, whereas those who purchased gold or silver bullion after prices had passed the 1,700 dollar mark were not as lucky as prices dropped drastically to 1,400 dollars an ounce once the economy showed signs of recovery. This is due to the fact that gold is just like most commodities and is driven by supply and demand which includes demand for speculation which rides on market sentiments, but the difference is that saving and unloading the precious metal plays a larger role towards affecting the price than its consumption.