1. PartClassical Era

Mediaeval TimesEarly Modern Times

History of Gold

1.5,000 years ago: Egypt and the Middle East use gold coins

2.In 560 BC, Croesus the king of Lydia: The king produced for the first time gold coins of the same size and value

3.In 225 BC, the Roman Empire used the first gold coins

1. ANCIENT HISTORY AND CLASSICAL ERA

1.In the Middle ages, silver as preferred coin metal

2.In Medieval Europe, gold had a value of 10 to 12 times of silver

3.In the 14th and 15th century increase of gold value and devaluation

2. MEDIAEVAL TIMES

1.Plundering of America in the 16th century brought large amounts of gold to Europe. This caused inflation

2.Fixed gold-silver conversion rate and gold standard in the United Kingdom

3.Bimetallism of the 18th and early 19th century

3. EARLY MODERN TIMES

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