November 2017 News Update

Fall is Here!

Time flies and we are nearing the holiday season once again. Thanksgiving and Christmas celebrate new beginnings. Thus, the theme of this newsletter is “origins.” Some origins are clear, while others evolve over time. This issue will explore origins of gold and silver as money, as well as the financial technology revolution. We’ll share a little of the story of how OWNx came into being, and invite you to share with us what led to your interest in precious metals and the world of finance.

OWNx Resources

Gold-related News

The First Stamped Gold & Silver Coins

Gold has been used as money for 5000 years. However, this article gives an interesting history of the origin of coins stamped with images, which is a hallmark of modern coinage.

The Birth and Evolution of Banking

From early stamped coins arose “moneychangers” to handle exchange between various coins. After that, “banking” took on a life of its own. Now, the system has evolved to one that is highly efficient, but subject to abuse and instability.