Gold has been a constant all throughout history.Gold was first discovered as shining, yellow nuggets and was first discovered in its natural state,in streams all over the world. Gold was the first metal known to early hominids and from very early on became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.
Gold has always been powerful to the beholder. The earliest history of human interaction with gold is long lost to us, but its association with the gods, with immortality, and with wealth is common to many cultures throughout the world.
Early civilizations equated gold with gods and rulers, and gold was sought in their name and dedicated to their glorification. Humans almost intuitively placed a high value on gold, equating it with power, beauty, and the cultural elite. And since gold is widely distributed all over the globe the same applies nowadays, with selling and buying gold being a common transaction carried out in almost all cities over the world. In almost all countries you can find someone willing to give or get cash for gold.
In ancient times gold was made into shrines and idols, plates, cups, vases and vessels of all kinds, and of course, jewellery for personal adornment. Later on gold coins were created making it a currency that was commonly accepted. The first use of gold as money appeared in 700 B.C., when Lydian merchants produced the first coins.
This monetary standard made the world economy possible. The concept of money allowed the World’s economies to expand and prosper.
The history of Pawning is probably just as old as the history of gold.
The history of pawnbroking began in the earliest ages of the world. Lending money on portable security is one of the oldest professions. Pawnbrokers Essex have been around for many years.
So how does pawning work? An item is taken to the pawnbroker who lends an amount of money to the owner of the object. The item is held by the pawnbroker for a certain length of time. If the owner returns within the agreed time limit and pays back the money lent plus an agreed amount of interest, the item is returned. If the loan is not paid within the time period, the pawned item will be offered for sale by the pawnbroker.
The word pawn comes from the Latin word pignus or ‘pledge’, and the items being pawned to the broker are called pledges or pawns. Pawnbrokers came to England with the Normans and the settlement of Jews in England.
In our time even though gold as a currency has been replaced by other inexpensive metals, it still has value even in the form of jewellers or items and statues. The price of gold varies according to time and location, however, there are many who opt to get cash for gold by visiting Pawnbrokers Essex.
Due to the fact that gold has kept its value throughout the centuries allows owners facing financial difficulties to sell gold Essex. At Pawnbrokers Essex you can have your items assessed based on the quality and price of gold at the time and immediately get cash loans.