From ancient civilization, from the Egyptians to the Incas, gold has occupied a special place of real and symbolic value for humanity. In addition, gold has been used as a bargaining chip, as a store of value, and as valuable jewelry and other artifacts. So it turns out that the reason gold is precious is precisely because it is so chemically uninteresting. Due to its special properties, gold will maintain its shine without any maintenance for centuries.
Unfortunately, this has also made gold a target for scams such as the Gold IRA scam. The malleability of gold also makes it an excellent material for jewelry. The goldsmith can turn it into a wedding ring that fits comfortably on the finger, and the jeweler can design any number of rings of any shape with gold. Gold became an investment as soon as it was discovered. The rarity, beauty and malleability of gold led to its use as currency and jewelry in many different cultures.
However, people have always believed that gold would maintain its value due to its scarcity and limited supply. With the development of large, centralized companies, gold acquired a financial aspect as well as an ornamental one. Gold is eternal in a sense because it has the highest resistance to corrosion of all known metals. As a result, gold became one of humanity's first non-perishable assets and a long-term store of wealth.
Gold is a valuable asset, many investors believe in investing in gold because it has universal value around the world. So what exactly made gold so valuable and expensive, and why did several peoples show such interest in converting it into currencies? Surprisingly, it's not so much about the properties of gold, but about those that other elements have no other elements. The large number of gold ornaments found in the tombs of the great necropolis of Varna predate the first Sumerian and Egyptian gold jewelry by more than 1,500 years. Gold is worthless, all governments know it, they just don't let the public know it, what is priceless is sand, silica, what your mobile phone for me, lasers that go to space, gold is no longer worth anything, it's beautiful, that's right, but it has nothing, computers, everything.
. The first known examples of gold jewelry were forged with native gold 6,500 years ago, in the prehistoric civilization of Varna, along the Black Sea. Gold does not rust, does not tarnish and does not tarnish because gold reacts with almost nothing. The gold standard gave people the assurance that the value of their money did not depend on their country's ability to pay debts, their international position or a thousand other things they didn't understand, but only on their ability to produce gold.
As gold became more entrenched in world currencies, many countries began to back their money with the amount of gold their country could produce. You have explained the importance of gold in a simple and direct way, it is true that gold is the best guarantee and is the best platform to invest your money. In the 16th century, the discovery of South America and its vast gold deposits caused a huge fall in the value of gold and, therefore, an enormous increase in the price of everything else. If you put together all the earrings, all the golden rulers, the small traces of gold on each computer chip, each pre-Columbian statuette, each wedding ring and cast it, it is estimated that you would have only one cube of 20 meters left or something like that.
Pure gold is highly resistant to aging and tarnishing, so most of the gold from the hominid era still survives today and lives on in your smartphones, computer chips and watches. The next step in the evolution of gold as a repository of wealth (and in the advancement of civilization as a whole) was the invention of the gold coin. .