Gold Bullion Is Timeless

Gold has been around since the beginning of time and it has been called many different names. The Inca people called it 'tears of the Sun' and it has even been mentioned in the Bible. In its purest form – 995 fine or higher – it is called gold bullion and the term has been used to describe gold coins, ingots, bars or wafers that are almost 100% pure. Today, investors trade gold bullion on a daily basis with many of the pieces weighing up to 10 ounces.

When you research gold bullion throughout history, you will almost always find it as being a precious metal that shows wealth and immortality. Gold bullion is mentioned in the 'Odyssey' and the 'Iliad' by Homer as being something the immortals gloried over. The Code of Menes – which dates back to 3100 BC – mentions gold and silver and even compares the two precious metals in one of the first value ratios ever to be recorded. Menes, the founder of the very first recorded Egyptian dynasty, valued one piece of gold bullion as being worth two and one half pieces of silver.

During the reign of Seti I the very first gold bullion treasure map was found. The fragments of papyrus are located in the Turin Museum and visitors can view the location of ancient gold mines, roads that led to the mines, where miners were housed, and more. Gold bullion was prevalent in Egyptian society as can be seen in the many statues and other artifacts found among the tombs of the Pharaohs. It is believed that the map led at one time to gold bullion deposits in the area of the El Sid gold mine.

Gold and gold bullion has been mentioned in numerous pieces of literature, from 'Jason and the Argonauts' to modern classics and plays. This is one of the reasons why gold bullion can be considered timeless. Gold bullion overseas has been in existence and used longer than there has been a written language. As a matter of fact, literary references to the Golden Fleece are not a fictional reference. It's an actual method used by miners to gather gold bullion flakes from sand. Miners would run the water and sand over the fleece which would trap the heavy gold flakes. When the fleece was full of gold, it was hung up to dry and then beaten to break the gold flakes off. Miners during the California gold rush in 1849 even used this method to gather gold flakes out of the water.

Gold bullion was first used as money as early as 700 BC. The Lydian merchants were the first ones to make gold bullion coins. The coins were simply stamped lumps of bullion mixed with silver, and they owned the first hoard of gold bullion ever seen in the world. Gold bullion is still a highly traded commodity today, and it is one of the few investment commodities that manage to remain stable even when world currencies are falling all around.

Disclaimer
The above article is for information purposes only, and is not advice. Its accuracy cannot be guaranteed and no responsibility for errors or omissions can be accepted by the website owners.

Published On: 3rd June 2009 Gold Bullion Is Timeless

Gold has been around since the beginning of time and it has been called many different names. The Inca people called it 'tears of the Sun' and it has even been mentioned in the Bible. In its purest form – 995 fine or higher – it is called gold bullion and the term has been used to describe gold coins, ingots, bars or wafers that are almost 100% pure. Today, investors trade gold bullion on a daily basis with many of the pieces weighing up to 10 ounces. When you research gold bullion throughout history, you will almost always find it as being a precious metal that shows wealth and immortality. Gold bullion is mentioned in the 'Odyssey' and the 'Iliad' by Homer as being something the immortals gloried over. The Code of Menes – which dates back to 3100 BC – mentions gold and silver and even compares the two precious metals in one of the first value ratios ever to be recorded. Menes, the founder of the very first recorded Egyptian dynasty, valued one piece of gold bullion as being worth two and one half pieces of silver. During the reign of Seti I the very first gold bullion treasure map was found. The fragments of papyrus are located in the Turin Museum and visitors can view the location of ancient gold mines, roads that led to the mines, where miners were housed, and more. Gold bullion was prevalent in Egyptian society as can be seen in the many statues and other artifacts found among the tombs of the Pharaohs. It is believed that the map led at one time to gold bullion deposits in the area of the El Sid gold mine. Gold and gold bullion has been mentioned in numerous pieces of literature, from 'Jason and the Argonauts' to modern classics and plays. This is one of the reasons why gold bullion can be considered timeless. Gold bullion overseas has been in existence and used longer than there has been a written language. As a matter of fact, literary references to the Golden Fleece are not a fictional reference. It's an actual method used by miners to gather gold bullion flakes from sand. Miners would run the water and sand over the fleece which would trap the heavy gold flakes. When the fleece was full of gold, it was hung up to dry and then beaten to break the gold flakes off. Miners during the California gold rush in 1849 even used this method to gather gold flakes out of the water. Gold bullion was first used as money as early as 700 BC. The Lydian merchants were the first ones to make gold bullion coins. The coins were simply stamped lumps of bullion mixed with silver, and they owned the first hoard of gold bullion ever seen in the world. Gold bullion is still a highly traded commodity today, and it is one of the few investment commodities that manage to remain stable even when world currencies are falling all around. Disclaimer The above article is for information purposes only, and is not advice. Its accuracy cannot be guaranteed and no responsibility for errors or omissions can be accepted by the website owners. Bullion Supermarket > Bullion Resources > Gold Bullion Is Timeless More information about precious metals, investments, tips, bullion, bars and coins: Gold Bullion is Timeless Buying Silver Bars For A Sound Investment What Is Silver Britannia? Just Why Are Gold Bullion Coins Such A Good Investment? Want Gold? Buy Krugerrand Coins Gold Coins Are Still A Good Investment Engelhard Is Good If You Want To Buy Silver Bullion Bars A Few Reasons To Buy Gold Handy Hints: Buying Gold Coins and Bars Gold Sovereign Buying The Rising Popularity of Gold Coins Six Reasons to Invest in Silver Bullions Tips to a Secure Way in Buying Gold Six reasons Why You Should Own Gold Bars Understanding Gold Bullion Specifications Krugerrand Gold Bullion: Its History and Design Investing in Silver: Silver Coins & Bars

More information about precious metals, investments, tips, bullion, bars and coins: