1. After 5 month I did not write any issues in my blog, this time I'm coming to be "active" on the writing. Today, I would like to share a bit about The History of Money. I have read from the e-book on this topic. Actually, this topic was part of the "Why We Should Buy a Gold or Silver". Then, we need to know the background of money.
2. Gold and Silver is the first money in the ancient Greek. They used the coins which was a combination of the gold and silver and known as "electrum". In Malaysia (before Independence Day), of course the Barter system is main transaction to exchange the goods and it was inefficient. When the fisherman wants the clothes or fabrics for payment, the fabrics seller has to agree the items for exchange. If not, the transaction would not happen between both of them.
3. Back to the Gold and Silver, the value of these 2 metals are remained a real money for over 6,000 years. Can you imagine. If currency Note, I think after 10 years, RM10 is equivalent to RM1. I am not worry to lost RM10 now compare to last 10 years where if I misplaced the RM1 note, it was very very embarrassing me.
4. Looking to the characteristic of the money, it must stand the test of the time and would able to hold value in a small space or portable. The real money should have the ability to be divided and still hold the value. Unlike the diamond, it has its own value. In other word , the diamond is not fungible.
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