10 Gram Metalor 999.9 Fine Gold Bar

£362.26

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In 1696 the Bank of England brought gold to prominence and established the worlds first gold standard and during 1717 the gold price was set in todays money at £4.24 per troy ounce its very rare with only 165,000 metric tons in existence if placed in a cube it would measure only 20 metres square.Inflation and market conditions has devalued world fiat currencies and example in 1900 a single dollar would have brought 14 loaves but today it will buy 1.Gold has maintained its value as a hedge against inflation and wealth preservation and its whats powers the worlds financial economy the G20 is debating a greater role for gold as a store of wealth and security if a country defaults gold will always be valuable as a trading source.