Silver Jewelry History That Became Legend Part III – The Lydian Trite
Asia Minor And Its History And Legends During the 6th and 5th Centuries before Christ, the Lydian empire with its impregnable capital of Sardis perched high on Mount Tmolos changed world history. Contrary to the neighboring Phrygians, who had been in Anatolia since just 1200 B.C., the Lydians were an ancient race whose origins were planted in earlier Hittite cultures. Lydia, lying at the Mediterranean end of an ancient trade route that led all the way to the Arabian coast of Mesopotamia, had always been prosperous, but under the reign of King Alyattes II and later his son and heir Croesus, it became one of Asia's richest empires in gold and silver. After beating back the attacking Cimmerians in the 700 B.C., Lydia absorbed Phyrgia its wealth of gold and silver, and all its lands including the source of King Midas’ wealth: the gold and silver rich Paktolos River. To extract precious metals from the river, the Lydians dredged the river’s sediments, filtering out the electrum, gold, and silver particles using sheepskins. The lanolin, a waxy material found in wool, captures the precious metals but allows sand to wash over it. It is believed that this method may have given rise to the legend of ‘The Golden Fleece’. Contrary to supposition, concrete proof of Lydia’s metallurgical prowess and its use of the river’s precious ores were later found at archeological excavations near Lydia’s capital city, Sardis. Archeologists, on discovering an ancient industrial quarter near the Paktolos River just outside Sardis, exposed a variety of objects including a blow-pipe nozzle, bellows, ovens, crucibles, cupules, and waste-materials, which corroborate that the local silversmiths had the ability to separate gold and silver from placer electrum by cementation and cupellation processes. Further discoveries of stone moulds also testify to the Sardians' utilization of their local supplies of gold and silver for the making of fine jewelry. However, the gold and silversmiths of Lydia didn’t make history with their ability to produce fine jewelry, but with the world’s first monetary system. While the much earlier established civilizations of Mesopotamia and Egypt were still bartering in the form of silver ingots, silver rings, and other items of precious metals, Lydians were using coins with a mark of authority at a fixed exchange value. In the 6th Century B.C. under King Alyattes II, gold and silver coins as defined in Webster’s dictionary as “Metal certified by marks upon it to be of a definite exchange value and issued by government to be used as money.” were produced in great numbers. The ‘Trite’, the most common Lydian denomination of its time, was made from electrum alloys and usually consisted of 53% gold, 45% percent silver and 2% percent copper. It was supposed that the coins were minted for trading in respect to the fact that Sardis was located at the end of a major trade route that extended all the way to the Babylonian gulf in Southern Mesopotamia, but this has been largely dispelled due to the gold and silver coins of being far too large a value, about a month's subsistence in total. Despite the large quantities of production, no Lydian gold or silver coins have been found in or around archeological digs associated with market trade in the Lydian empire, or elsewhere along the extensive connecting trade routes used at the time. It is instead believed that these gold and silver coins were intended as trade for tax payments, religious offerings, wedding presents, hospitality offerings, or salaries to mercenaries. Whatever the case Lydia was the first example of the transition from an agricultural barter economy to a commercial monetary urban economy. Today, scholars believe that the Lydians invented the world's first free market, and created gold and silver coins because they were the first to recognize their profit-making potential. This was proved in Lydia’s economic growth, which in less than a hundred years under King Alyattes II and his son and heir Croesus, saw it go from a kingdom to an empire. Indeed, it is from this period that the expression ‘as rich as Croesus’ is derived. Soon, Croesus’ began to build diplomatic ties with mainland Greece, funding the building of one of the seven ancient wonders: the temple of the Greek goddess Artemis at nearby Ephesus, and inviting the Athenian statesman Solon to Lydia. During his stay Solon, who later formed the weight standards for the Athenian silver drachmas, became influenced by Lydia’s ingenious monetary reforms and carried the idea back to Greece. Read Silver Jewelry History That Became Legend Part I – King Midas Read Silver Jewelry History That Became Legend Part II – Jason’s Fleece Copyright © SilverShake Corporation. All Rights Reserved. This article was written for the Silvershake website, an online retailer of sterling silver jewelry at wholesale prices. See 1000’s of gemstone silver jewelry items at prices 80% below normal retail prices. Make one purchase per month and receive silver jewelry worth up to $60...Absolutely free, everytime! |
Other Trading Tips Articles
Invest In Penny Stocks - How To Buy Penny Stocks Online? Ask any investor what a stock trading under $5 is and they will tell you it is a penny stock, microcap stock, or nano stock. These three terms are for the most part interchangeable. However the broader definition of a penny stock refers to a business’s aggregate value of its outstanding common shares, are more commonly known as its market capita ...Do You Know Which Are The Best Currencies To Trade? Are certain currencies better to trade than others? The answer is yes and there are several points to consider when choosing the best currencies to trade.Perhaps the most important consideration is the volume and liquidity of the currency traded.The reason this is so important is so that you will be able to exit positions quickly t ...Make Money Fast – Simple Trading Tips To Build Real Wealth If you are trading and want to make money fast then the simple tips below will help you build real wealth.They will increase your profit potential and can be used by any trader novice or pro to enhance their trading. In no particular order of importance - here are your tips to make money fast1. Accept ResponsibilityYou and y ...The Grass Is Not Greener On The Other Side As market timers who trade trends, we are always on the lookout for a new indicator or strategy that might give us a better edge and improve results. Education and research never end.Many hours are spent testing every conceivable timing method. We study suggestions submitted by subscribers (always appreciated), ideas garnered from analyst ...Part II of Day Traders and Swing Traders and Options? Maybe! Before every protective put trade it is possible to calculate your anticipated maximum loss. Use the formula: (stock price minus strike price) plus option price. For example, suppose you will pay $30.00 for your stock, and you want no more than a $3.50 loss on the position. Then you would choose the $27.50 strike put which ...What is Wikipedia? A Guide to the Most Unique Encyclopedia on the Net Wikipedia is an open source encyclopedia, a website where anyone can write and post an article on any topic of their choice. The site has been a remarkable success, with thousands of amateur authorities weighing in on an infinite variety of topics. As of the summer of 2005, Wikipedia was home to nearly 850,000 articles in English alone, with man ...Tips for Investing Many people want to take advantage of the opportunity to invest as a way to supplement their income, but few people have the knowledge or the time to monitor stocks and they are reluctant to pay the high fees associated with full-service brokers.As well, most people know that a diversified portfolio is the best-performing portfolio, but f ...Your Guide To Finding Affordable Prom Dresses Prom dresses are now easier to find than they used to be in the past. We no longer need to be as rich as princesses to find the perfect dress that will make us look like a royalty. Modern girls now have the opportunity to browse in the Internet and find a lot of affordable prom dresses in the online stores. Internet has changed the way nowadays ...Day Trading Stock Picks Day trading stock picks are the best stock deals that are available for day trading. Awareness regarding day trading stock picks allows a day trader to gain maximum returns from the market. The day trader has to capitalize on intra-day price volatility in the most active stocks to reap a regular profit from the stock market.The main advan ...Currency Trading Systems - Making Money from the Longer Term Trends Currency markets never sleep and several trillions dollars are traded everyday, making currencies the world’s biggest and most exciting investment market.In recent years, mechanical currency trading systems, using technical analysis to predict trend movements have become increasingly popular as a way of locking into, and profiting from th ...Is Your Autoresponder Truly Promoting Your Company? Getting other people to promote your web site is one of the most popular Internet marketing methods around, today. Affiliate relationships are all the rave with people who have web sites. Web marketers worldwide are trading links everyday, in hopes of driving each other's traffic to their respective sites. This is certainly something any hard ...Stock Trading Tips And Advice That Can Help You Make Money There are countless books that have been written about buying and selling stocks, and as a beginner, it's definitely worth reading at least a few of them. Be careful, though, because jargon is rife through the world of stocks, and it can be a bit overwhelming when you first stumble across terms like P/E, RSI and EPS, to name a few.It's v ...Online Trading Accounts & Published Financial Newletters If you have an account with a broker and are paying ridiculous trading and maintenance fees, now is the best time to sign up with an online investment account. They offer all the great investment products and allow you to make timely decisions on your own terms. Back in 1999 my investment account was with a local broker who charged me $50.00 to ...Spot Uranium Price Creeps Up to $61/Pound as Buyers Begin to Worry About Supply TradeTech published the weekly spot uranium price indicator of $61/pound, for the week ending November 10th in Friday’s edition of “Nuclear Market Review.” It is posted on the Trade Tech website. But, judging from the number of utilities seeking U3O8 equivalent, it is unlikely spot price increases will stall or stabilize at this level. Nor will ...Full Service Commodity Brokers Full-service commodity brokers offer a wide selection of investment products such as agricultural commodities, currencies, stock indices, and insurance. They specialize in risk management in the agricultural industry. They provide comprehensive and personal service for an individual trader.Full-service commodity brokers understand the cli ...Discount Online Futures Trading Futures are contracts that obligate sellers to provide buyers a commodity or other asset at an agreed-upon price and date in the future. Futures are widely traded for commodities such as coffee, sugar, oil, and wheat. Futures are also traded for financial instruments such as stock market indexes, government bonds. and foreign currencies. Futures ...Finding Low Cost Bonds If you've been considering investing in bonds, then you probably know that the best way to get the most out of bonds is to buy them early for a low price. Unfortunately, it can sometimes be quite difficult to find bonds early… and even when you do they're not always in the price range that you're looking for.Luckily, it is possible to fin ...Swing Trading with Stochastics – The Essential Momentum Indicator Markets don’t trend all the time - there are periods where they tend to be in channels, and consolidating. These are the markets where swing trading can work well.This article is an introduction to swing trading, and highlights the best timing indicator - to time you swing trades for big profits.What is Swing Trading?Swing t ...How To Keep Your Personal Information Safe From Identity Thieves One of the biggest security issues these days is that of identity theft, people can get your vital information like your social security number, birth date, credit card number and other critical material from your home via your computer at home, your trash or even your mailbox. There are some steps that you can take to safeguard against this typ ...Hot Commodities – Buy Copper For Huge Long Term Gains! Buying copper as long term investment is one of the best ways of taking advantage of global economic growth.Forget about the situation in individual countries, global demand is strong and this commodity is “hot” and long term gains are expected of 100% or more!Triple digit gains per annum100% annual gains are a strong possib ...Arbitrage Trading Reviewed 2006 I am sure many of you have never herd of sports arbitrage trading, or know very little about it. If you are into making money working from home or are looking to make extra money working out of your house you can accomplish this with arbitrage trading.So what exactly is sports arbitrage trading? That’s a good questions that many fi ...Currency Technical Analysis – The Pro's Secret to Maximizing Profits Currency technical analysis can help you spot the big trends that yield the big profits. However, how do you stay with the trend, and make sure that you capture maximum profits - and not bank them early?It’s a fact that traders who use technical analysis in the currency markets, snatch their profits too quickly, and miss the major profits ...FOREX Day Trading – Do it and Lose Your Money Quickly! Day trading is a mugs game - in FOREX currency markets, traders who make day trades instead of following the long-term trends, are making a serious mistake - risk/reward is terrible by comparison.The Internet is full of brokers and vendors encouraging traders to day trade - and offering “sure fire” day trading systems - which is no surpri ...Lord of War (2005) Deconstructed From our deconstruction of hundreds of Hollywood blockbusters at www.managing-creativity.comLord of War (2005) follows the Hero's Journey template:FADE IN: context [the arms factory; credits; the journey of a bullet from the factory to the murder].Introduce the antihero [Yuri Orlov's back story; Ukranian, immigrated with his ...Commodity Futures Trading Online If you would rather sit in the comfort of your own home and play the commodity futures game, then the World Wide Web has a host of possibilities for you to indulge in playing the markets.Many brokerage firms have set up websites that allow you to trade in commodities. They require you to register for an account and then download a trading ...How to Achieve Currency Trading Success: Part 2 Choosing a Trading MethodWhile there are many ways to achieve currency-trading success, all methods have the following salient points in common:1. SimplicityMost of the best trading systems are simple.There is no correlation between how complicated a strategy is and how successful it will be.In fact, the simple ...Options Trading An option is a contract that gives the buyer the right (but not the obligation) to buy or sell a specified quantity of a given asset, at a specific price, on or before a specified time. Unlike futures trading, the purchaser of an option is not obligated to buy or sell at the exercise price, and will only do so if it is profitable; if the option ...Futures Trading Firms Futures trading can turn out to be a profitable deal if proper research is conducted. It is therefore necessary to approach the right broker who considers the best interests of the trader, before actually going into futures trading. Research has shown that there are almost half a dozen firms operating. They offer an array of services ranging fro ...10 Tips on Choosing Best Discount Stock Broker Discount stock brokers are ideal for those who know the trade industry well and do not need extensive information about the market. Since an investor can obtain high discounts, these brokering services are very significant.Notice! Your individual trading style will determine which discount stock broker is best for you.#1- How do ...
|
