Do you like gold? Have you considered securing some of your assets in precious metal investments? Would you swap 1 oz of silver for 3 oz of gold?
Most people would dive right in.
But you might wonder, who’s willing to be on the other side of that transaction?
Currently, no one in their right minds. But that wasn’t always the case…
Did you know, for example, that in Egypt during the Old Kingdom, silver was rarer and more valuable than gold?
...Or that when Japan was opened to European commerce in the early 19th century, they exchanged gold for silver at the rate of one to three, and even less?
According to "The Origin of Metallic Currency and Weight Standards" by Sir William Ridgeway: