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Sunday, December 5, 2010

Gold represents the ultimate payment worldwide

Gold is accepted worldwide and represents the ultimate payment system anywhere in the world. It is a much sought after precious metal that is used for jewellery, space technology and as numismatist gold bullion coins. Banks prefer to deal with gold than paper money of which the value can be eroded due to rising future inflation. So, if you have extra cash to invest, it is better to buy gold coins and keep them in a safe place. In times of war, paper money can become useless overnight just like the Japanese banana money that was printed in abundance during the Japanese occupation in Malaya. However, when the British return, the banana paper money became worthless overnight. It is named so because of the picture of the banana tree on the paper notes.

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