Gold has a history that crosses countless borders and thousands of years. For these reasons and others, it’s respected globally. The first coins that contained gold date back to approximately 650 B.C. Around a century later, during King Croesus of Lydia’s reign, pure gold coins were made for the first time.
While many currencies of the past have faded away, gold is something that people continue to hold onto. Gold continues to be valued by modern economies, which is why it has held its worth. Gold is often treated as a form of financial insurance. This metal can be used in place of other currencies.