The Greeks and their love affair of gold created the story of King Midas. The story goes that a drunken satyr was found in Midas’s garden, and Midas recognized him as a friend of the god Bacchus. And so the satyr was brought into the castle and treated as an honored guest for ten days. When Bacchus discovered the kind treatment of his friend, he offered to give Midas a gift. The greedy King Midas wished that whatever he touched would turn to gold. At first Midas was ecstatic, rushed around testing his newfound power.
But when it came time to eat, Midas discovered that food was not exempt from this power. He could not drink nor eat. Midas begged Bacchus to take away the power before he could starve to death. Bacchus gave him the advice to go wash in the river Pactolus. As Midas touched the river water, his power flowed away and was then absorbed by the riverbed sand. This may be the Greek’s explanation for the large deposits of gold found in the river over the years. King Midas went on to abhor gold and wealth and to live a modest lifestyle, but the moral of his story did not have any particular impact on the rest of man.
Gold is just as loved today as it has been over thousands of years. The first records of man’s interaction with gold go as far back as 4000 BC, tying the utilization of gold with the beginning of stationary civilizations and modern man. Gold has brought about the rise and fall of great civilizations, and been the motivation for both. Today, the volatile history of gold is less apparent to the average individual. We see it on commercials and in movies as if it is something that has always been there and always will be. This mentality about gold is what makes investing in gold such a smart and safe idea. The international market doesn’t treat gold as if it is a commodity, but instead as a currency.
When we price gold, it’s not prone to absurd fluctuations. Gold will go down in value, but these trends are always less than other markets and guaranteed to be temporary. Look for investments in gold coins from all over the globe, or consider purchasing gold bars. There are quite a few investing companies out there that can help you in precious metals investing, but Regal Assets is the one that gets the best reviews and many people are recommending, so you should see what they have to offer you for sure. The value of gold is certain, and so should your investment be.