Gold is valuable because of its inherent beauty and relative rarity; not the rarest of elements but more difficult to find and process than silver or copper. It has beautiful glitter to it and is also impervious to corrosion. Its malleability and its ability to be made into ultra-thin gold foil expands its usage and permits it to be used to encase less valuable substances which also adds to its value. Gold is one of the densest of all metals. It is a good conductor of heat and electricity. It is also soft and the most malleable and ductile of the elements; an ounce or 31.1 grams can be beaten out to 187 square feet (about 17 square meters) in extremely thin sheets called gold leaf.
Max Warren Barber explains that because gold is visually pleasing and workable and does not tarnish or corrode, it was one of the first metals to attract human attention. Examples of elaborate gold workmanship, many in nearly perfect condition, survive from ancient Egyptian, Minoan, Assyrian, and Etruscan artisans, and gold continues to be a highly favored material out of which to craft jewelry and other decorative objects
Gold is rare in nature
Gold is very difficult to produce to start with, hence it is rare for that reason. It can be produced in neutron star mergers or supernova explosions. Gold is also very heavy, so it is believed that all gold present when the Earth was molten sank to the center of the Earth, and that all gold on land was delivered by asteroids after the Earth surface had solidified. In addition we have continental drift with subduction where a plate is going down to be recycled in the interior. Any gold there is likely lost by sinking to the center of the Earth, but can in some instances surface again through plume-subduction interaction. This makes gold as one of the rarest elements in the world. It is not often found in nature in its pure form, and is often mixed with other metals such as silver or copper. In addition to being rare, gold is also durable and does not corrode. These properties make it valuable for a variety of uses, including jewelry and coins. Gold is also used in electronic devices and circuit boards because it is an excellent conductor of electricity. Despite its rarity and value, gold is not evenly distributed around the world.
Gold has been used as a form of currency, jewelry, and other decorative items for centuries. In recent years, it has also become a popular investment choice. Unlike stocks and bonds, gold is not subject to the fluctuations of the stock market. It is also a physical asset that can be stored in a safe or deposit box. Gold is also rare, making it a good hedge against inflation. When the cost of goods and services goes up, the value of gold typically increases as well. For these reasons, gold is often considered a great investment.
Physical gold is portable, storable, measurable and highly liquid anywhere around the world. Many view gold as a form of ‘universal currency’ because it’s universally accepted as a commodity of value wherever you are. Because of its unique qualities, gold has been the one material that is universally accepted in exchange for goods and services. In the form of coins or bullion, gold has occasionally played a major role as a high-denomination currency, although silver was generally the standard medium of payments in the world’s trading systems. Gold began to serve as backing for paper-currency systems when they became widespread in the 19th century, and from the 1870s until World War I the gold standard was the basis for the world’s currencies. Although gold’s official role in the international monetary system had come to an end by the 1970s, the metal remains a highly regarded reserve asset, and approximately 45 percent of all the world’s gold is held by governments and central banks for this purpose. Gold is still accepted by all nations as a medium of international payment
Pure gold is indestructible
Compared to silver, platinum and copper, gold does not rust, tarnish or corrode – meaning gold virtually lasts forever. This is why gold demands such a high premium over many other metals. The gold in rocks usually occurs as invisible disseminated grains, more rarely as flakes large enough to be seen, and even more rarely as masses or veinlets.
Gold is durable, rare and malleable. This is how it came to be the basis of trade back in early civilizations. It was also portable and easy to measure and identify, making it the perfect medium for trade. The first gold coins were made in early Lydia (now western Turkey) in 6th century BC. The idea of gold coins of uniform weight, size and identity spread amongst kingdoms and was quickly adopted as de facto currency by civilizations.
Gold’s many uses
Gold is one of the most versatile and prized minerals on Earth. It has been used for centuries in jewelry and currency, and more recently in electronics and other industrial applications. The unique properties of gold make it an ideal material for a variety of uses. It is highly conductive and does not corrode, making it ideal for electrical applications. It is also malleable and ductile, making it easy to work with. In addition, gold is extremely resistant to tarnishing, making it an excellent choice for creating long-lasting jewelry. Gold’s many uses have made it one of the most sought-after materials on the planet.
Since its discovery centuries ago, gold has been prized for its beauty and durability. Today, gold is still widely used in jewelry and coins, but it also has a variety of other uses. For example, gold is an excellent conductor of electricity, which is why it is often used in electronic devices. It is also non-reactive, making it the perfect material for use in medical implants. In addition, gold’s unique properties make it ideal for use in satellites and other spacecraft. No matter what its intended use, gold remains one of the most versatile and valuable materials on Earth.