Gold has been a highly sought-after commodity for centuries, and for good reason. Its attractive color and gloss, durability, malleability, and natural purity make it an ideal material for jewelry, coins, and other forms of currency. Gold doesn't corrode or tarnish, and its color never fades. This is why gold is likely to remain valuable, no matter what happens in the market.
It turns out that the reason gold is so precious is precisely because it is so uninteresting from a chemical point of view. Gold comes in a naturally malleable form, making it the easiest metal to work with in existence. Its utility doubled after humans discovered that they could combine two or three metals to form a single tool. Ancient gods in Egyptian, Roman and Greek mythology had spears, swords and armor made of gold, and many ancient monarchs began to do the same.
In the 17th century, many English citizens had homemade mints where they marked their gold coins with the percentage of pure gold found in them. Gold does not rust, does not tarnish and has no stains because gold reacts with almost nothing. Pure gold is highly resistant to aging and tarnishing, so most of the gold from the hominid era still survives today and lives on your smartphones, computer chips and watches. Gold is much more valuable than any other metal, which means it will always have a use.
Many investors believe in investing in gold because it has universal value worldwide. During the gold standard era, anyone could go to a bank and exchange paper money for a certain amount of gold. Gold can stimulate a subjective personal experience, but it can also be objectified if it is adopted as an exchange system. In the 16th century, the discovery of South America and its vast gold deposits caused an enormous drop in the value of gold and, therefore, an enormous increase in the price of everything else.
The gold standard gave people the assurance that the value of their money did not depend on their country's ability to pay its debts, its international position, or a thousand other things they didn't understand, but only on its capacity to produce gold.If you put together every earring, every golden ruler, the tiny traces of gold on each computer chip, every pre-Columbian statuette, every wedding ring and cast it down, it is estimated that you would be left with a single cube of 20 meters or more or less.It's clear why gold has been so highly valued throughout history: its beauty and durability make it an ideal material for jewelry and coins; its malleability makes it easy to work with; its natural purity makes it easy to identify; its resistance to corrosion makes it last forever; and its universal value makes it a safe investment in any market.
