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Why is gold valuable and where is it used?

by Financial Economy

Throughout history, human beings have wanted to save their earnings, save money, gain power and keep the risk to a minimum while doing these. Used as a shopping tool for thousands of years, gold is a shiny, conductive, heat-sensitive, long-lasting, workable metal. The answers to the questions such as why gold is valuable, where it is used, what are its properties are given in the rest of the article. Information about the germanium, you can browse here.

Why is gold valuable and where is it used?

Gold is used in hundreds of different industries, from chemistry to jewelry, from shopping to technology. Most of these sectors are high value added sectors. Gold is a metal with high conductivity, extremely bright, workable, storable and long-lasting. Compared to other elements in the periodic table, gold is the most suitable item for currency. As a result of the fact that this was accepted as a difficult method in the years when people were doing their shopping by the exchange method, a search for an easy-to-use item was started.

In this case, the rusting of iron, the discoloration of silver, the fact that some other metals are difficult to process, some of them are not conductive, and some are very available, made gold stand out from these elements and be accepted as currency and printed. Gold, especially with its yellow color, was separated from other elements and became the preferred metal. In this respect, its use in flashy jewelery has spread rapidly. The value of gold also reached its peak with the acceptance of gold as a currency and being used by states as a reserve tool. One of the biggest reasons why gold is accepted as a currency and is naturally valuable is that it is inimitable. Gold is a substance that cannot be easily imitated and can be easily understood when imitated.

For other precious metals: https://en.wikipedia.org/wiki/Precious_metal

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