Platform aims to provide retail investors interested in gold as an asset class but have traditionally been put off by the high entry costs and storage limitations.
• Retail investors can gain exposure to gold as an asset class for under €30
• E-store solution enables people to buy, store and sell their gold holdings easily
Aufort, the Estonian retail platform aimed at people looking to gain exposure to gold free from intermediaries and related costs has officially launched. It is the first company in the world that offers a platform where one can buy, sell, and withdraw digital gold…
Over 2,000 years ago, the renowned philosopher wrote about the characteristics of good money. The majority of his thoughts still apply today.
Aristotle (384–322 BC) was an ancient Greek philosopher, polyhistor, student of Plato, and teacher of Alexander the Great. He was, besides Plato, the most influential Western philosopher. In addition to many other important teachings, Aristotle defined the characteristics of good money more than 2,000 years ago. According to him, money must be:
1. Durable, i.e. it must not be easily destroyed.
2. Portable, i.e. it must be easy to carry around.
3. Divisible such that the parts yielded…
The worldwide demand for pure gold is about 4,000 tons per year. Why is the need so great, and what is gold even used for?
Gold has been considered a symbol of prestige throughout history, already since ancient times. In ancient Egypt, for example, gold was regarded as a divine and indestructible metal associated with the radiant sun. The ancient Egyptians consumed gold to cleanse the spirit, the mind, and the body. In ancient Greece, gold was mainly used as a financial instrument. …