#ORO #traders ¿¿ WHY TRADE WITH COMPOUND INTEREST? ? 🏆

The history of gold as a monetary equivalent began over 5000 years ago. Gold was initially used to forge and mint coins, and gold dust was used as a means of payment. With the rapid growth of global production, some countries began to use Au as a temporary national currency. Later, the gold standard was introduced, which tied money to a fixed amount of gold.

Today, the role of gold as the main payment instrument has taken a backseat, giving way to paper currency and cryptocurrencies. Nowadays, Au is an investment instrument, used as a protective asset for diversification and risk hedging, speculative trading, long-term investment, and the formation of gold reserves, although a large part of gold is used in the jewelry industry. The main participants in the gold market are central banks, the IMF and other funds, commercial banks, stock exchanges, investment funds and ETFs, traders and individual investors, gold mining companies, and consumers.

Read this article for information on how to make money trading gold and investing in gold assets.