Gold is considered a rare metal on Earth because, in gold-bearing regions (gold mines), it takes an average of 10 tons of earth and rock to extract just one ounce of gold. Currently, gold is no longer a currency used for exchanging goods. However, its value remains constant and strongly influences currency and the economic and financial situation.
Why is gold so valuable?
Throughout economic history, gold has served as a medium of exchange for a long time. Although not the rarest precious metal in the world , gold appeared early and was accepted as a currency for payment and exchange of goods.
With the development of currency, gold is no longer used for exchange and trade, but it still plays a significant role and has a major influence on the economy.
Gold is so rare and important because it offers aesthetic value and is highly attractive to many people for use in jewelry. Furthermore, thanks to its uniformity, high purity, non-corrosive properties, and stability under all conditions, gold can retain its value and becomes a benchmark for the value of other goods.
In Vietnam, gold is used as a special commodity in the economy. People buy gold primarily to hoard it when they have money and sell it when they need to use their savings, such as buying real estate, getting married, or as a dowry.
Gold is a precious metal. (Illustrative image)
Key characteristics of gold
Gold is a unique metal in the periodic table of elements. Its properties are quite special, fulfilling its role as a currency throughout history:
- Gold has a luxurious appearance and maintains a high, stable value over time.
- Gold overcomes many disadvantages of other chemical elements, such as being non-radioactive, non-toxic to humans, non-flammable, and insoluble in water and air...
- Gold is easily divided and cast into various shapes and weights according to requirements. Over time, gold does not lose its value.
- In particular, gold can be stored forever and is extremely easy to transport.
Gold is difficult to counterfeit because it has unique properties compared to other metals.
Lagerstroemia (compilation)
Source
Comment (0)