Gold has been around for millions of years and is often seen as a rare and valuable metal. It has stood the test of time, when other metals have come and gone. There is not a time in history when people did not have gold. So the question is, why is gold so valuable. There are many answers to that question.
Gold has very unique physical and chemical properties that help add to its value. Of all the metals in existence, gold is the most malleable and ductile of all of them. One single ounce of gold can be drawn into many different forms of gold, unlike other metals in existence. It is very efficient for transmitting heat and electricity. Of all the metals in existence, gold has the highest level of corrosion resistance. Gold can only be corroded by combining nitric and hydrochloric acid together. Gold also will not oxidize.
With all the physical and chemical properties that make gold valuable, they also make it very scarce. The amount of gold available on the planet is limited, any many people are looking for it. This scarcity helps to increase its value. Gold is used for both monetary purposes and for jewelry. Many things are made from gold, and these items stay in existence for decades. Everyone wants money and jewelry, so there is always a demand for new items to be made from gold, with only so much gold to be used to make these items.
Another reason gold is so valuable is due to its ancient tradition. Gold has been around as long as history dates back. Ancient people used gold as a form of exchange since it would not tarnish or dissolve as other metals did. Gold was used for a money source for trade and also for jewelry. Even today, gold has the same uses as ancient times, which shows that its value has lasted throughout centuries.
Gold is also valuable because it has many financial advantages. There is no limit to how long gold will last, in fact, many gold from decades before us is still in existence. Gold will also never expire, rust or become unusable, unlike other metals. If you intend to store gold, make sure you learn about black mold on drywall in case your storage is made out of drywall.
Gold is an item that will always retain value simply because it always has. For as far back as 3,000 years, gold has been in demand, and the demand has never stopped. Regardless of what events were taking place in the world, or any type of financial crisis that was faced, gold has never once not had a monetary value or left an investor penniless for having invested in gold. This fact alone will make gold always be valuable.
Gold is truly a unique substance that has shaped the history of the world and will be a part of the world forever. Whether you look at gold as monetary or as a beautiful and timeless piece of jewelry, everyone owns gold in some form. There are very few items in existence that will last a lifetime that almost everyone in the world owns. Gold will always be unique and valuable to everyone.