The Ancient Secrets of Making Money
Making money is an ancient art. Even before money was invented back in the 1500’s when banking was invented, people traded in value. So money essentially is a numerical representation of value. Before banking was invented, money was owned and controlled by the monarch. The royal mint produced coin made of gold which was weighed and equal in value to the gold it was made of. However, over hundreds of years, the people realized that this gold can be filed and shaved off. Shaving a little from each gold coin before using it in a transaction allowed them to melt down the shavings and use it illegally. The monarchies of all countries failed to find a solution to this dilemma and this went on for hundreds of years.
Gold was the first precious metal assigned by authority to represent value and it is this word “VALUE” I want you to keep your eye on. Just as today, we cannot eat a dollar bill or sleep under it to give us shelter, the royal gold coin could not be used to be eaten. So the gold coin and todays dollar bill do not have an intrinsic value on their own. You cannot ride it, sleep in it, eat it, or even take it with you. All money does is count value in a decimal numerical nature. So, lets dwell on this minor revelation.
