In addition, gold has been used as a bargaining chip, as a store of value and as valuable jewelry and other artifacts. From a fundamental perspective, gold is generally considered a favorable hedge against inflation. Gold works as a good store of value against a declining currency. Humanity's attitude toward gold is strange.
Chemically, it's not interesting: it hardly reacts with any other element. However, of the 118 elements on the periodic table, gold is the one that humans have always preferred to use as currency. Of course, there are other issues to consider with gold mining stocks, namely, political risk (since many operate in third world countries) and the difficulty of maintaining gold production levels. You have explained the importance of gold in a simple and direct way.
It is true that gold is the best guarantee and is the best platform for investing your money. We'll look at the use of gold as a long-term component of a diversified portfolio and as a short-term intraday trading asset. Pharaoh's masks, golden Buddha statues, chalices and crosses are notable examples of how gold elevated religious art. The grabbing of these gold coins removed tens of millions of dollars from circulation, reducing the money supply and causing deflation.
Gold doesn't rust, tarnish and doesn't tarnish because gold doesn't react with almost anything. The first known examples of gold jewelry were forged with native gold 6,500 years ago, in the prehistoric civilization of Varna, along the Black Sea. Gold has served as money and a repository of wealth since the most ancient civilizations and empires, through the Middle Ages and until the 19th and 20th centuries under the gold standard. Alloys and minerals such as bronze, brass and pyrite can pass through it, to a certain extent, but other properties can be used to check if a coin is made of gold or not.
Passive investors who want great exposure to gold miners can consider the VanEck Vectors Gold Miners (GDX) ETF, which includes investments in major mining companies. These findings show that gold was already a highly desirable symbol of power and wealth in the Neolithic period. Gold is worthless, all governments know it, they just don't let the public know it, what is priceless is sand, silica, what your mobile phone is for me, lasers that go to space, gold is no longer worth anything, it's beautiful, that's right, but it doesn't have anything, computers, everything. We'll look at the benefits of gold, but we'll also examine the risks and difficulties, and see if it lives up to the gold standard.
The relative inertia of gold makes it possible to create an elaborate golden jaguar and be sure that 1000 years later it can be found in the window of a museum in central London, still in perfect condition. Another use of gold as an investment is as an exchange hedge, especially between the dollar and emerging market currencies.