In the history of the currency, there has been many changes in how money is managed and how transactions occur.
Originally, thousands of years previously, there was barter. I give you a sheep. You give me a few wheat. I give you wood for construction. You provide me food. It was inconvenient because each party had to find a satisfactory barter for each transaction partner. In addition, it was quite geographically limiting transport problems.
Money came. Silver and gold coins were used. It provided a more impartial way to store wealth. I could give you money for food. You could take the money and buy leather. The person who sold leather could buy what he wanted with the money received. It allowed more freedom in transactions.
Over time, use of the currency is transformed by including paper currency. The paper has been easier to manage than the heavy parts. Finally, the paper has been removed from the gold standard entirely. Also, in more modern times, came the transition to the cheques, credit cards and debit cards.
In other words, the world of money and how the money is used in the world has evolved over time.
Again, we enter another era of evolution.
As currencies of the world around are devaluing, as rising inflation, individuals, businesses and nations alike are looking for a response.
This response came and operates in Europe for several years and is about to extend to the world.
The first alternative currency consisting of gram, half-gram, two gram and five gram 999,9 kinebar pure gold bullion has arrived.
It's not coins. They are pure gold 999.9 embedded in a map of size of credit card with a hologram and serial number and the certificate of authenticity can be verified by a jeweller.
What is the advantage of this?
As fiat (paper) currencies lose their value, the value of gold increases. As inflation increases, need more money (or other currency paper) to buy the same amount of gold. It therefore appears as the value of gold increases.
If you keep your money in a Bank, the Bank can provide you with 2%. Inflation is currently amounting to 10%. This means that you have a net loss of 8%.
However, if you place the same amount of gold coins, as inflation rises, the value of your gold goes up. While the dollar loses value, gold gains in value.
As stated earlier, historically, for various reasons the world is moved from barter coinage of paper checks of credit card for debit cards. It is now to make the next stage of small transaction size kinebar 999.9 pure bullion.
What happens now.
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