Why Has Gold Always Been Valuable? - Deepstash
Why Has Gold Always Been Valuable?

Why Has Gold Always Been Valuable?

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Why Has Gold Always Been Valuable?

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The value of gold

Some people think that gold has no intrinsic value and that gold's only worth is as a material to make jewellery. Others assert that gold is an asset with various intrinsic qualities that make it unique for investors to gather in their portfolios.

  • Most would agree that gold has always had value - as a component of jewellery, sometimes as a currency, and as an investment.
  • Another part of the value of gold is it's appeal to mystery. Something about the warmth of gold touches our human need for comfort and nurture.

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In the old days, a coin of some metal was easier to exchange than to implement a barter system. Of all the metals, gold was the logical choice.

  • Metals like iron, lead, copper, and aluminium are prone to corrode over time.
  • The "noble metals" like platinum or palladium are too rare to generate enough coins to circulate.
  • Gold and silver. Gold is heavier than silver. Gold doesn't corrode and can be melted over a flame, making it an excellent choice to stamp as a coin.

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If the modern paper-money economy were to collapse, we would fall back to gold.

  • People need to find ways of working together, which leads us to find ways of exchanging goods and services.
  • Gold is the logical choice of this exchange as it is one of the only substances on earth will the right qualities for the job.
  • If society agrees to turn gold into coins into a system of exchange, then gold coins would instantly assume value.

That means that gold will always have value in difficult and in good times.

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