Part 1 of a series showing why gold is the best option and AgAu the best way to access it.

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Precious metals have been a unit of account throughout the ages. Historically, gold as money is probably one of the first universal consensus ever reached.

According to Chapter IV of The Wealth of Nations by famous economist Adam Smith (1776), when mankind began to organise into a civilised society, the aspect of trade quickly appeared. Soon, civilisations started using a barter system in which they gave “value” to certain objects — they would later trade for other objects considered of equal worth. With the discovery of gold (Au) and silver (Ag) more than 3000 B.C, a new era of money began with a new value system consisting of the exchange of tokens and later coins.

About

AgAu.io

AgAu.io: The Peer-to-Peer, Electronic Money System backed by Ag (Silver) and Au (Gold) in Switzerland. Visit: www.AgAu.io

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