Saturday, November 23, 2024

The Gold History in Scandinavia

The Gold History in Scandinavia

Gold has played a very big role in the history of Scandinavian currency. At all times, the Scandinavian man devoted himself to trading precious metals like gold and silver; the ones that have always had a value. They are our oldest means of payment and are still a great value. The reason that both gold and silver are considered valuable is partly because of their rarity, and that both metals have a number of characteristics which make them useful in a number of areas. Gold for example, has a very high conductivity and silver are among other bactericidal.

The value of gold has increased in Scandinavian currency

In 1873, the so-called Scandinavian Monetary Union introduced the gold standard in the Nordic countries, which means that the value of the Krona was determined in relation to gold. At that time, 1 kg of gold was equal to 2.480 SEK. Today, the same amount of gold costs about 240 000, which means that contemporary crown is worth almost 100 times more than today’s crown in terms of gold. This means not only that the value of gold has increased due to higher demand, but mostly due to increased money supply.

If you are in Scandinavia, you will find an investment in gold more rewarding

All through the history of Scandinavian currency, there is no other time when gold has had a better price and value raise as compared to the current. Gold is very lucrative these. That is why we are here to tell you to buy African gold from us at the lowest rate ever. We have all quantities of gold here. Our gold is the purest 24K gold sourced from the DR Congo. Buy from us today and we will ship it for you to Scandinavia faster than you can ever imagine. Gold has been very instrumental in the history of the Scandinavian currency.

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