Why Is Gold So Valuable?
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Humans have been trading and fighting over gold since the moment we discovered it. Gold is unlike any other metal in terms of its history and its power in the world.
Whether it was being used to decorate the royal or as a global currency, gold has always been a highly valuable resource and material.
Its timeless value is one of the reasons why thousands choose to invest in this precious metal every year. If you are one of them, you may want to look into reliable gold manufacturers near you.
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Why Is Gold So Valuable?
Nowadays, society and economies have come along but gold is still used regularly in everyday life. Whether it’s for medical equipment of your fiance’s engagement ring, you can bet the price won’t be reducing any time soon.
Moreover, this article will discuss some of the main reasons behind its high value why it has kept its value, and will continue to, throughout the years.
It’s Chemical Components
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The top reason why it’s so valuable is due to its chemical components. These chemical properties give it its physical appearance that make it perfect for money and valuable exchanges.
It’s where the origins of standard paper money as we know of today came from. Even until this day, the chemical properties have puzzled experts as to why they are a higher class compared to others such as silver which used for several more industrial purposes. However due to its chemical components, gold can’t:
- Get rusty by the elements
- It doesn’t lose its physical appearance over time
- It takes a lot of fire for it to melt
- It doesn’t require a lot of maintenance and is easy to mold without cracking
- It has physical appeal and beauty
- It also stretches with no cracks or breaks
- They are rare so there is higher demand and lower supply giving it its consistently high value
It Never Gets Old
Gold is timeless and of all the elements that we humans know of, gold is by far the most visually appealing. Unlike other metals such as silver, the cold doesn’t lose its colour easily or corrode with time, even thousands of years.
Its Rich Past
The history of gold spans back across the course of human history which is why it’s such a good long-term investment.
No matter how much the market and stocks fluctuate, gold has been shown to maintain its worth over time despite the ups and downs.
As you can tell, there are plenty of great reasons that add up to gold’s value. No matter what time period we are in as humans, gold has never lost, nor will it lose its value.
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Category: Investing
