Learning the History of Money @Jeju Island

Greetings from Seoul, South Korea!!!

[box type=”info”] South Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity (PPP), identifying it as one of the G-20 major economies. It is a high-income developed country, with an emerging economy, and is a member of OECD.

South Korea is one of the Asian Tigers, and is the only developed country so far to have been included in the group of Next Eleven countries.

South Korea had one of the world’s fastest growing economies from the early 1960s to the late 1990s, and South Korea is still one of the fastest growing developed countries in the 2000s, along with Hong Kong, Singapore, and Taiwan, the other three members of Asian Tigers.

South Koreans refer to this growth as the Miracle on the Han River. Having almost no natural resources and always suffering from overpopulation in its small territory, which deterred continued population growth and the formation of a large internal consumer market, South Korea adapted an export-oriented economic strategy to fuel its economy, and in 2009, South Korea was the eighth largest exporter and tenth largest importer in the world. (Full article – wikipedia.org)[/box]

It has been a crazy week for me as I found myself trapped back to back preparing and implementing my Wealth Insider Group Workshop just last weekend and then a day of traveling to the beautiful island of South Korea, Jeju to speak to a group of investors of precious metals.

Kuala Lumpur to Jeju South Korea! I've oficially breached my South East Asia speaking portfolio.

Kuala Lumpur to Jeju South Korea! I’ve oficially breached my South East Asia speaking portfolio.

In fact, I have been more than excited since I have been preparing and looking forward to this event. My entire trip was sponsored by the organizer, a global investment company, managing billions of dollars of funds including precious metal, they even bulk purchase my chinese book 为何黄金,为何白银,为何现在 (Why Gold? Why Silver? Why Now?) to distribute to all the conference guests. Well, to have my books distributed out of south east asia and all the way to Korea and China… what more can an author ask? I was truly honored.

Jonathan in Computer

Check out my new computer, which i now blog with 😉

I was there not only to teach but I was also there to learn

Being myself and a chaser of curiosity especially on the subject matter of “discovering the truth and lies of Money”, I extended my stay to visit around the Island.

I spent most of my time visiting Museums, which is probably the most feasible solution to get to learn about the country, her culture, her history and the economy for a short 2-3 days stay. Having said that, I’m dedicating this post to share with you some of my learning about money.

Ripley’s Believe It Or Not?

One of the museums that i have visited is Ripley’s Believe It or Not. So i was there expecting to see some really weird stuff that Robert Ripley have in his collection, but was taken by surprise when i stumble upon some interesting artifacts that carries some cool history about money.

History of Money

You might not be able to see the description so let me share it with you.

On the extreme left is the Ethiopian Salt Money. For centuries salt has been used as the primary currency throughout Northern Africa. In Ethiopia, salt is cut into pre-measured rectangular cakes.

On the centre is the Oriental Tree Money. Believe it or not! This unusual tree has “leaves” that are real currency! The “leaves” are Japanese coins from 1835. Fastened to the “tree’s” steam through the square hole of the coins, they were broken off and spent as needed!

On the extreme right is the “Manilla” Ring Money. Portuguese slave traders along the West Coast used manilla rings – Spanish for “handcuff” as currency. These rings (money) were worn on the wrists and ankles to flaunt their wearer’s status.

Hyperinflation in Weimar Republic

During my tour in the museum, I also found the currency that caused the hyperinflation of Weimar Republic. This is one of the hyperinflation case study that I frequently used in my talks and also featured in my book ‘Why Gold? Why Silver? Why Now?’

At the end of World War 1, Germany experienced the most devastating inflation in all history. In 1923, at the height of the escalating inflation, it cost almost a trillion marks to buy a loaf of bread. The samples of inflation money shown here and printed on silk and decorated with images of the tortured and witches, symbolizing that the “love of money is the root of all evil”.

Museum of Sex and Health

Another place I visited was the Museum of Sex and Health. It was one of the ‘Must Go’ places recommended by my fellow friends and clients when I mentioned that I was going to Jeju Island. This is the largest museum of sex and health in the world. The first of it’s kind which teaches you how to kiss, types of sex positions, appropriate time spent on foreplay, erotogenous zones and many more.

What I was most fascinated was the display of erotic coins, sex coins and wedding charms. If you watch the designs of the coins carefully, you will be able to see some really erotic images and designs.

Sex Coins

Sex Coins (2)

I’m not going to touch on all these and I suggest you go check out this museum to learn more.

Next, I’ll be right off to Hanoi tomorrow for our new family in SilverVietnam.com and also speak in the Hanoi speaking circuit.

Yours truly,


I believe I can fly. I believe I can touch the sky. I dream about it every night and day. Spread my wings and fly away. #exploringjeju — at Jeju the Art Museum is Alive.

I believe I can fly. I believe I can touch the sky. I dream about it every night and day. Spread my wings and fly away. #exploringjeju — at Jeju the Art Museum is Alive.

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