Gold Up-Date September 13, 2010

Lakeshoretrading.co.za reported on Gold Up-Date September 13, 2010:

Gold has always had value to humans, even before it was money. This is demonstrated by the extraordinary efforts made to obtain it. Prospecting for gold was a worldwide effort going back thousands of years, even before the first money in the form of gold coins appeared about 700 B.C. The first pure gold coins were struck by King Croesus of Lydia (present-day Turkey) during his reign between 560 and 547 BC and gold coins have continued as legal tender ever since. It changed the world of commerce as the yellow metal became a currency – a medium of exchange with a definite value – replacing barter and other commodities as money.