How to Invest Today

When one hears the name of George Soros one immediately associates it with wealth. And a lot of it! Fewer people know, however, how he made his first billion of dollars. It all came down to speculating about currency. In 1992 the UK was going through a serious currency crisis which determined Soros to make a bet on the sterling going down. In financial lingo the transaction is called “short selling”. Briefly he borrowed 10 billion pounds, sold them on the market, waited to get devalued and when they did, he bought the 10 billion back at a cheaper price, returned them to the owner and gained a hefty $1 billion in profit. The whole move earned him the name of “The Man Who Broke the Bank of England”.

Some of the first discoveries of metallurgy relate to the properties of gold, which have become known to rich people and commoners alike. What is it that made gold so special in human history that pharaohs hoarded it in immense treasures and that even modern times have not tarnished its image, but added to its usefulness and beauty? Here are some facts based on which some answers may be found to this question.

It is a rare and intriguing quality that only a few things possess to be perceived in the same way by different people from different areas of the Earth and from different epochs. Gold has this quality, fascinating people throughout human history. The reason for this attraction was not a scientific one: gold was perceived due to its special color and sheen as supremely beautiful, whereas due to unchangeable quality and to the fact it was scarce it was perceived as economically valuable and used as currency.

From the beginning of mankind, gold has passed through different stages changing the perspective upon the precious metal but never grounding it.