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Alasdair Macleod: Gold, GoldMoney, and Mene
By Alasdair Macleod
GoldMoney.com, St. Helier, Channel Islands
Wednesday, November 1, 2017
Gold, ornamentation, and money: that was the sequence of events. Man discovered gold, found it malleable, durable, and attractive. It was first used for ornamentation, then as social economics evolved into the division of labour, its value as ornamentation and its physical properties made it the most enduring medium for money. Even to this day, Asians representing most of the world's population still understand this connection between gold, ornamentation, and money.
Goldmoney has recently backed a new venture, Menē. Menē manufactures and retails gold and platinum jewellery at prices tied to market values for the physical metal, with a buy-back option, again linked to the market price. The objective is to re-establish the link between the use of precious metals as money and as a medium of exchange.
Westerners in the developed world have mostly forgotten the linkage, but this is only in relatively modern times. Nor was this some passing fancy of the Eurasian continent, where gold's and silver's use as money is as old as any recorded civilisation. ...
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