Does gold have any real value?

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. One of the reasons gold still has value is because people have made it valuable. Gold can be considered more valuable than other metals because people perceive it as more valuable.

This belief comes from the psychology of human beings and their desire to accumulate wealth, tangible assets and precious metals, among other things. The immense durability of gold makes it one of the few things in nature that can act as a true store of value. That's why gold has been used as a currency throughout history, it doesn't break down with everyday use. Some of the first extensive historical records of gold mining date back to the Roman Empire, where they used the ancient method of silencing, which used powerful floods of water to reveal gold veins, along with pleasure mining, which consisted of extracting stream beds to extract loose sediments from the precious metal.

Finally, gold comes from the stars and we have found ways to return it in the form of spaceships, which use gold in a variety of ways. This primitive money was not entirely gold, but was actually electrum, which was composed of two-thirds of gold and one third of silver. All the gold that has theoretically existed still exists, although it's also rare enough to fit in a bucket of about 90 feet per side, according to the World Gold Council, a market development organization for the gold industry. The molten gold is then poured into solid ingots, which are then transported to refineries, where they can remove any remaining impurities, and the final product is those precious gold ingots and coins that investors, collectors and speculators seem to be obsessed with.

To get gold you have to be good at war Be able to gather a large human workforce to extract it Mastery of global supply and logistics routes Being able to command the guards who will watch your gold and not steal it from you Have the technical knowledge to get gold out of the ground, which is expensive and cumbersome. For example, you can buy physical gold, buy gold stocks in gold mines, or even buy shares in an ETF (exchange-traded fund) that tracks the price of gold. Aside from its limited uses in electronics and dentistry, gold has value only in human society because it is gold and nothing else. Around 50 a.

C., the Romans minted their first gold coins, called Aureus, and about a millennium later, in 1284, Great Britain minted its first gold coin, the florin, while Italy did the same with the duchy of gold, which became the most popular gold coin in the world for five centuries. While most investors, including myself, have moved away from gold because of its history of high risk and low rewards, there are arguments in favor of owning gold because of its ability to add value at the portfolio level. A variety of gold mining methods have been employed over the centuries, from the sweeping methods that most people consider when they think of all the great historical gold fevers, to digging tunnels deep in the earth and using explosives. One of the most striking things about gold is how incredibly difficult it is to get it (and keep it once you have it) and the different things you must master to get gold.

Gold is heavier than most minerals, so when using a tray to collect rocks, you can shake it to allow any possible gold particles to rest on the bottom for easy identification and extraction by pouring out the water and the lightest minerals ever collected. .