Gold is something valuable. It is true that this noble metal becomes a popular payment as well as trading investment. Gold and silver are the standard and legal payment of taxes in Sumer and Egypt, approximately 359-336 BC. Gold and silver used to press the taxes at the time. Therefore, many people use gold and silver as investment. Price of gold is something innovation. The fixing of gold price happened in 12 September 1919. The place take placed in the city place on NM Rothschild and Sons in St Swinthin’s lane. Hence, it is the first time the gold price fixed.
In other hand, I would like to give you some several gold prices fixing from each participant. They are HSBC, Deutsche Bank, Scotia-Mocatta, Barclays Capital, and Society General. These five participants of gold price determined the price of gold. Then, the gold spot fixed in 5 May 2004. The process happened via telephone. Now, you have already know some gold bullion as the new gold coin investment.
There is such bullion gold that you can buy as your investment of future. Some of them are American Buffalo, Australian Gold Nugget, Chinese Gold Panda, Gold Canadian Maple Leaf and soon. These bullions gold are the new version of gold from the struggle in May 5th, 2004, namely determining of spot gold.