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Monday, November 23, 2015

Importance of Gold In the Modern Economy

Investors now have several different options when it comes to investing in the royal metal. In order to fully understand the purpose of gold, one must look back at the start of the gold market. While gold's history began in 3000 B.C, when the ancient Egyptians started forming jewelry, it wasn't until 560 B.C. that gold started to act as a currency.

At that time, merchants wanted to create a standardized and easily transferable form of money that would simplify trade. Because gold jewelry was already widely accepted and recognized throughout various corners of the earth. From gold exchange-traded funds  to gold stocks to buying physical gold, investors now have several different options when it comes to investing in the royal metal.

Investors typically buy large quantities of gold when their country is experiencing high levels of inflation. The demand for gold increases during inflationary times due to its inherent value and limited supply. As it cannot be diluted, gold is able to retain value much better than other forms of currency. From gold exchange-traded funds  to gold stocks to buying physical gold, investors now have several different options when it comes to investing in the royal metal.

Orient Financial Brokers (OFB) was established in January, 1994 in Dubai, the financial and commercial hub of the Middle East. OFB is licensed and regulated by Central Bank of the UAE, to conduct brokerage in Foreign Exchange, Commodities and Money Markets.

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