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Gold has continued to be a commodity as well as a currency through the years and it cannot be denied that the gold ounce price has continued to rise. The history of gold is very broad and this precious metal has been used in many countries and civilizations. As a matter of fact, China was the first civilization to ever use gold as a monetary resource for currency. It was only in the 19th century that a fixed exchange rate was established and that paper currency be used instead thus replacing gold as a means of currency for purchasing items and could be exchanged at the bank for gold. A stabilized economic foundation was expected to prevent any potential deficits or surpluses that would have resulted from monetary transactions.

It was only then in the 20th century that many economic structures began accepting gold coins as their form of money as a result of the strenuous military expenses incurred during the World War I. This then lead of the disinterest of many countries in the gold value per ounce. Despite this circumstance there were still some countries that tried to use United States gold coins as a workable form of financial use, but it no longer had the fiscal appeal all because of the overwhelming budget deficits and inflation that was a result of the Great Depression.

The gold ounce price continues to rise and fall  just as the economic aspects is the reason behind gold. Investors can now invest in gold as a stable asset in order to diversify their portfolio and have secure future with the security gold investments offer. This is why there are many gold collectors and investors who have been able to secure outstanding profits as well as returns on their investments based on the gold ounce price and popularity of the precious metal that was gained throughout the years.