What's the use besides gold ornaments? Gold should be quite familiar. The most common thing in our life is gold ornaments, such as gold rings and necklaces. However, money has not only this purpose, but also many other purposes. The following gold investment series introduces other uses of gold.

The uses of gold include insurance, hedging, international reserves, jewelry making and other fields.

1. Hedging

When inflation is serious, the currency depreciates sharply. In order to avoid the loss of assets, people usually buy gold to increase the insured value of assets.

avoid danger

When the global economy is in recession and the political situation is tense, the market is extremely panicked and the stock market plummets. In order to avoid market risks, investors like to buy products with hedging functions such as gold and silver.

3. Used as an international reserve

Gold is the most important part of the international reserves of all countries. In order to maintain the balance of payments and basic international payments, all countries reserve a certain amount of physical gold in the central bank. Gold is an asset generally accepted by all countries in the world, with high value and strong liquidity.