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  Silver is the metal that, along with gold, has been known to people since the predynastic period. While Upper and Lower Egypt gradually formed a single state, and a succession of pharaohs succeeded each other on the throne, silver was very rare and was valued more than gold. Archaeologists attribute the first samples of silver to 5000-3400 years. BC e. It was brought in those days, presumably from Syria, which is considered one of the first deposits of this noble metal. The discovery of America in 1492, which immortalized the name of Christopher Columbus in world history, brought scientists not only the opportunity to increase the area of \u200b\u200b the studied land on the map, but also to discover the richest deposits of silver - the Cordillera from Alaska to Tierra del Fuego remain the main source of silver. Mexico, in which about 205 thousand tons of metal was mined in 1521-1945, at that time was a true silver treasury. To date, it continues to hold a leading position, extra...

  GOLD REACTS TO FED RATE HIKES Recently you might have heard a lot about the United States  Federal Reserve Service  in the news and how they intend to increase what is known as the federal interest rates. There are a number of things to keep in mind with regard to the interest rates and how they can potentially impact  precious metals . First of all, contrary to popular belief the federal government actually convenes in order to consider the status of the interest rates about once a month, so the change is not coming out of the blue. Since the fact is that the federal rates are constantly being controlled and adjusted. However, this time this rate is actually going to see a considerable rise to itself, compared to what it has been for a very long time, which has been very much close to 0%. But now they have decided to increase this rate. Of course, you need to know that this rate shall not directly affect the consumers of the economy, rather the big banks that borr...

THE MOST EXPENSIVE GOLD COINS IN THE WORLD When you think about the history of money and trading what comes to your mind? Picture it right now. The most iconic historic image in anybody’s mind that is tied to economy, money, trading, and even power, are coins. Coins have always been a crucial and determining product of any civilization throughout history.  Expensive gold coins have defined dynasties and empires and all the glory of the past and the passage of time. So much so that a considerable proportion of the history of mankind is immortalized in the coins that have remained from those certain periods. In some cases, there is nothing else left but those coins. So, it is no secret to anyone how crucial and essential coins have been and are to man. In this article we want to take a look at some of the most iconic and expensive coins that exit today. The first coin that we want to discuss is the  Dinar Hashimi coin. As the name suggests and you might have been able to deduce,...

  WHAT IS AN OUNCE? In this article we want to take a closer look at everyone’s favorites unit of measurement. We are talking, of course, about almighty ounce. First off, the officially recognized symbol of ounce is oz. But, did you know that ounce is used to measure a few different units, including the mass or weight of an object, including its volume. But, primarily when ounce is used in daily life it is to measure the weight of something. In that case, it needs to be said that one ounce (oz) is equal to 28.35 grams . In addition, another factor that is important when discussing any unit of measurement, which here now we are discussing ounce, is the use cases of that unit of measurement. So what is ounce used for most? The answer is rather obvious, isn’t it? Our favorite elements on earth! The precious metals, of course. Ounce is used to measure almost all valuable metals. But clearly they do not have the same meaning. For instance, one ounce of silver  is not as valuable as...