The Simple History of Gold

Gold is the most expensive and luxurious goods in this world. Since the old day, gold has been the most precious thing. In the old day, gold was become the transaction tools, like Dinar gold coins. But since the Bretton Wood signed, it changed by money. Then gold become the standard of a country’s finance. And nowadays, its role replaced by US Dollar. From that, the GoldBugs explain that it is bad making US Dollar become the standard of finance.
Because of the special one, every body like to buy gold very much. Especially, they like to buy gold coins as one of the saving alternatives. South African Mint Company is one of the gold coin producers. Their famous gold coins is Krugerrand and Krugerrand proof collector edition. The Krugerrand proof collector edition is more expensive than the common gold. Besides of that some body like to buy gold bullion as their saving.

The Bad Effect of Replaced the Gold Standard
Nowadays, US Dollar is the monetary and finance standard. And as De Facto US Dollar become the fundamental of this world’s monetary system, every things always value with US Dollar.
This condition make “domino effect” in US Dollar movement. Every countries will experience the same effect. Like in this late global finance crisis, 2008, the falling down of US economy give the bad effects to the global finance and monetary system.
Like the explanation above, it is better to make gold back become the finance and monetary standard, like the older years.