GOLD VALUE - why is gold valuable?

GOLD VALUE - why is gold valuable?

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Gold has been used as a noble metal for more than 6,000 years. Gold is a precious metal that has been mined for a variety of uses. Because of the stability of its prices, it is frequently utilized as an investment.
It has 79 protons in its nucleus, making it the 79th chemical element in the periodic table, and its chemical symbol is Au.
The average mass of the atom in gold is 196.96. Its density is 19.3 grams per cubic centimeter, melting point is 1,947.7 degrees Fahrenheit, and boiling point is 5,162 degrees Fahrenheit are more characteristics of gold.
It is crucial to first grasp the history of gold in order to comprehend present times. For instance, gold was utilized as far back as 8,000 years ago by the ancient civilizations of Egypt and Rome.

In addition, nations who settled in Central America and South America and built impressive civilizations like the Aztecs, Maya, Toltec, and Incas continued to revere gold throughout history.

In ritual rites like sacrifices or coronations, these civilizations respected gold's supernatural power and adored it for its beauty.

These civilizations used gold as money (gold coins), which aided in their economic and cultural development.
Gold following World War II
The globe was striving to stabilize after World War II, but there was a lot of debt and inflation. At the Bretton Woods Conference in 1944, representatives from 44 different nations agreed to fix the price of one ounce of gold globally at $35 for at least 20 years. In order to ensure that there was enough gold to support all of the worldwide trade, they also agreed to convert dollars into gold.

Although gold had already been used as money, this established it as the global gold standard. The American dollar was then linked to gold at this time. Additionally, the weight and purity of gold were standardized.
In the Modern Era, Gold
Many people invest in gold today because of its worth. When they are worried about the economy or the stock market, or if they just want to protect themselves against inflation, investors buy gold.
In recent years, there has been a spike in people investing in gold because they are worried about the value of FIAT currency – such as U.S. Dollars or Euros – which are prone to inflation and deflation, respectively.
This means that when you see countries like Ecuador, China or Russia buy large quantities of gold, they’re investing in gold as part of their portfolio returns, just like any other type of investment.
As the value of paper currencies and other investments continues to decline, many people are looking for safer alternatives. The undeniable truth is that the value of gold will never be destroyed- it cannot be inflated by central banks, and governments cannot devalue it.


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