As the saying goes, things are rare. As far as the current technology is concerned, gold cannot be artificially synthesized by any element, which proves its uniqueness. Its chemical elements are extremely stable and easy to store and circulate. And this kind of expensive has become a global rarity, a golden knot in one's hand. If you carefully observe which country is particularly rich, then their gold reserves must be very rich. Owning gold represents wealth, power and status.
Gold is an international currency and can be freely exchanged and circulated. Gold can also be used as an important weapon of national strategy, which can resist inflation and stabilize the market economy.
The market demand for gold has always been the first choice for economic investment, and the value of gold is extremely high, sometimes even just needed. In the industrial field, there are many gold materials that must be used, such as; Mobile phones, computers, artificial intelligence equipment and many other high-tech fields. All jewelry products in traditional wedding supplies are directly related to gold and can never be replaced. It can be seen that the global demand for gold is huge, and the demand for gold has formed a very important part of the inheritance culture, not just the value of gold itself.
Gold is expensive because it is scarce, the cost of gold mining is higher than that of silver, and the output of gold is limited, so it is impossible to supply it indefinitely. Therefore, the Bretton Woods system linked gold and the dollar. Gold is not a currency, but its scarcity and unrepeatability naturally make it a precious metal with high value.
To tell the truth, gold is not as useful as silver in industry. Of course, you need gold to insert a gold tooth, but it is not as cheap as other precious metals on the whole, so the amount of gold used in industry is very small. Gold mainly plays a role in maintaining and increasing the value when the currencies of various countries are in crisis. Moreover, all countries in the world regard gold as an emergency reserve currency, and gold naturally has the property of currency.
If you buy gold when the economy is good, there is not much room for gold appreciation. Only during the global financial crisis can you get unexpected benefits. In 2009, the global financial crisis led to a long-term economic downturn in the United States. Leading to the long-term depreciation of the US dollar index. You are right to hold gold at this time, and the international gold price can rise all the way to September 20 1 1. Therefore, in addition to jewelry, holding gold also has the function of maintaining and increasing the value of assets.