Gold is one of the most sought after minerals in the world, appreciated for its value and unique qualities. Most often associated with jewelry, many people are unaware of its versatility and its contributions to everyday life. From the fastest technology to the most sophisticated medical equipment, gold is a vital resource. Gold is the metal we'll turn to when other forms of currency don't work, which means that gold will always have value in difficult and good times.

Investing in gold is a great way to diversify your portfolio and protect your wealth, and one of the best ways to do this is through a Gold IRA. A Gold IRA allows you to invest in physical gold, silver, platinum, and palladium, giving you the opportunity to diversify your retirement savings. On the other hand, if you run a central bank, you view gold as both an ally and an enemy. You know that gold is one of the vital criteria used by other nations to assess the stability of your country, but you hate to commit assets to buy and hold gold. However, you, like the central bankers of many countries, are now buying gold to allay concerns about the world's economic instabilities.

In some cultures, gold is a predominant feature of festivals and celebrations. In Eastern cultures, metal is an integral part of auspicious occasions such as marriages and festivals through sacred gifts and rituals. Gold also features prominently in the attire of brides and grooms across South Asia. Copper and silver are the best conductors, but gold connections last longer than both because they don't tarnish.

It's not that gold lasts longer, but that it stays conductive for longer. Most would agree that gold has always had value, for all these reasons, as a component of decorative jewelry, a currency at one time and as an investment. The first known use of gold in transactions dates back more than 6000 years: gold coins were minted by order of King Croesus of Lydia (a region of present-day Turkey) around 560 BC. C.

An ounce of gold can be drawn on 80 kilometers (50 miles) of thin gold wire, five microns or five millionths of a meter thick. Some people argue that gold has no intrinsic value, that it is a barbaric relic that no longer possesses the monetary qualities of the past. A piece of gold may not have any immediate physical value to the person holding it; you cannot eat or drink it, for example. From an elementary perspective, gold is the most logical option as a medium of exchange for goods and services.

There are approximately ten troy ounces of gold in every ton of smartphones, and even that small amount is essential to the operation of these and the vast majority of other electronic devices. The walls of the Golden Room are covered with approximately 28 square meters (300 square feet) of 23-carat gold leaf representing 3 ounces of gold metal. The rarity, usefulness and attractiveness of gold make it a valuable substance, in addition to being durable, portable and easily divisible. The visors of astronaut space helmets receive a layer of gold so thin (0.00005 millimeters or 0.000002 inches) that it is partially transparent.

Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally attracted to it. They argue that in a modern economic environment, paper money is the preferred currency; that gold is only good as a material for making jewelry.