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Roots of gold standard for fiscal systems in Indus Writing

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Indus Script researches have shown that the writing system is the World's First Wealth Accounting Classification System in Ancient India, dated to ca. 3300 BCE. This is the date of the discovery of a potsherd with Indus Writing. The evidence is provided by over 8000 Indus Script Inscriptions, many of which have been documented on Epigraphia Indus Script, 3 vols. and in World Acccounting for a Nation -- Indus Writing; the works are available as ebooks on Kindle.

The Accounting system results in the establishment of the gold standard for a fiscal system, after introduction of a monetary system through metal coins, graduating from utsava beram or barter transactions, introducing the concept of financial transactions for trade and wealth-creation. Nation's financial system is born thanks to this Wealth Accounting Classification System. India graduates into the widespread organization called śreṇi or guilds of artisans, merchants etc. and formation of thousands of mints from Lydia to Karur. Millions of ancient coins attest to the glory celebrated in RBI and other Museums.
potsherd.jpgHarappa potsherd. tagaraka 'tabernae montana flower' rebus; tagara 'tin' PLUS kolom 'three' rebus: kolimi 'smithy, forge'. Thus, tin for smithy/forge.
Roots of the gold standard

Kunda Singi 'horned young bull' is read as kunda singi 'fine gold, ornament gold'
This symbol is adapted on the world's first electrum coin from Lydia, 6th cent. BCE.
unicornseal.JPGkunda singi kolom 'horned young bull, three' rebus: kunda singi kolimi 'fine gold, ornament gold smithy/forge'.
lydiay2.jpgkunda singi 'horned young bull' rebus: kunda singi 'fine gold, ornament gold'  PLUS arye 'lion' rebus: ara 'brass' (copper+zinc alloy).

Gold standard is born. 

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