Can be gold coin?

The money was invented as a means of exchange and serve as a repository of "real value". For an actual value, which means an equivalent economic goods and services. As such, money is a convention adopted by people for promoting trade and movement of goods and services.

Currencies, on the other hand, the physical representation of money belonging to an economic entity - usually a country. As the story takes many forms known currencies, but usuallywas carried out represented by a certain kind of good, as with a true intrinsic value of an area. In the Far East, notably Japan, the perceived value was as a good rice, while in the western world, has identified himself with precious metals, particularly gold but also silver and copper.

In Europe, gold, silver and copper is used for a very long time to produce the physical representation of money - the currency. The gold used in France, Louisand the Sovereign gold used in Great Britain are just two examples. In parallel, the paper money or bank notes were circulated. As such, banknotes and coins have no intrinsic value, but they are the body's ability to issue at the time in which the exchange, each time with something of real value - gold, silver or copper.

This system lasted, with brief interruptions until the late 20th century, more precisely until 1971, when they are exposed to the tax burdenthe Vietnam War in U.S. government spending, and because the use of the convertibility between the dollar and gold for the commercial interests of the United States abroad, President Richard Nixon stopped the direct convertibility of the dollar into gold.

This moment represents the formal end of gold and use it as the birthday of fiat currency - paper money without real value, supported by the public trust and not by material possessions. Returning to our firstApplication, technically correct answer is not - can not view the gold coin.

However, gold has become a commodity, and a very expensive, their value continues to grow despite the difficult economic conditions and the investment represents an excellent investment for those seeking a safe haven can use to produce profits and hedging against inflation.