The global economy remains in great difficulty. As such many are thinking about diamonds versus gold and which is really best to invest in. It is a sensible consideration since many expect the economy to worsen to the point where paper money might one day become completely redundant.
Long before the invention of cash, people have used valued stones and metals as a medium of finance. Anyone who is familiar with stories from the New Testament in the Bible will remember reference to metals used in a form of money. Thirty pieces of silver which was traded as the price for betrayal of Jesus is an excellent case in point.
Historically, gold has been preferred and most widely used as a financial unit. The central banks of most nations around the world accept it as the standard upon which they pin the value of their currencies. As such, each unit of paper money is supposed to represent a unit of the reserves held in high security vaults by the government.
Diamonds do not have the same degree of association although they still are highly recognized as tokens of wealth. The monarchies of Europe are well known for having much of their amassed wealth stored in gemstones including the British crown jewels. The use of stones grew in significance from the seventeenth to the eighteenth centuries. Stones are still the chosen medium among the super rich.
In the past, the upper classes would like to show off their wealth and women were the willing mannequins upon which to display their riches. At events such as great balls or theatre shows, the ladies would be adorned in fabulous jewellery featuring stones of exceedingly high quality. Most of this jewellery still exists today and are worth fantastic amounts of money.
In the modern age, the issue of diamonds versus gold is still pertinent. The climate is not exactly as it was. Today there is a shift in favour of the former over the latter. Gems are easy to transport which has added to their growing popularity. Also, in money markets, stones are performing very well indeed compared to metals.
Long before the invention of cash, people have used valued stones and metals as a medium of finance. Anyone who is familiar with stories from the New Testament in the Bible will remember reference to metals used in a form of money. Thirty pieces of silver which was traded as the price for betrayal of Jesus is an excellent case in point.
Historically, gold has been preferred and most widely used as a financial unit. The central banks of most nations around the world accept it as the standard upon which they pin the value of their currencies. As such, each unit of paper money is supposed to represent a unit of the reserves held in high security vaults by the government.
Diamonds do not have the same degree of association although they still are highly recognized as tokens of wealth. The monarchies of Europe are well known for having much of their amassed wealth stored in gemstones including the British crown jewels. The use of stones grew in significance from the seventeenth to the eighteenth centuries. Stones are still the chosen medium among the super rich.
In the past, the upper classes would like to show off their wealth and women were the willing mannequins upon which to display their riches. At events such as great balls or theatre shows, the ladies would be adorned in fabulous jewellery featuring stones of exceedingly high quality. Most of this jewellery still exists today and are worth fantastic amounts of money.
In the modern age, the issue of diamonds versus gold is still pertinent. The climate is not exactly as it was. Today there is a shift in favour of the former over the latter. Gems are easy to transport which has added to their growing popularity. Also, in money markets, stones are performing very well indeed compared to metals.
About the Author:
The Investment Diamond Eachange offer investors the opportunity to diversify with rare Diamond Investment opportunities. We also offer exclusive Jewelry such as Diamond Studs and Engagement rings from Lumiere Diamond Company.
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