A real-life gold story

[AugCh]

Gold as money since ancient time around 600 BC, and the gold standard was widely used in the 19^th and earlier 20^th century, unfortunately, most nations abandoned the gold standard as the basic of monetary. When I was a little boy, my mom told me a real-life story that my grandpa saved partial of his saving in the form of gold bars. My grandpa used his gold bars as collateral got the loan from the bank and bought a piece of land and built a big house in a big coast city where I grow up until I went to college. That was a young boy first time learned gold is money, when I grow up as an adult, I learn from history that gold can be a good hedge against currency inflation risk.

[Oldun]

Lovely recollection. And how old are you yourself now if you don’t mind me asking ?

 

[sixgun]

What happened to the gold?

[Au79]

Are you still a believer, now that you are all grown up 😇