The basis for its preciousness is it’s nature itself. Gold is a difficult resource to find but not impossible. That makes it immensely valuable. It is easy to store, easy to transport, and also it is very useful in many modern applications.
Gold is the appropriate metal for the job that will not deteriorate or disintegrate. Gold will not cause any potential safety issues for its holder.
The elemental properties of gold clearly state that the Gold provides a globally neutral, natural unit of the account in relation to all other elements required to us. The scientific properties of gold in our natural and human systems reconciled independently over thousands of years.
Gold is also the best conductor. So in precision electronics gold is used as the conductor. From ages, the gold standard is backing up the currency.
Whenever the economic climate starts experiencing turmoil. Traders, governments, investors all head towards Gold As it is safe havens in such conditions. Silver is also a participant for protection as a safe haven for the general investors in economic breakdown conditions.
There are many alternative views of gold’s usefulness, which makes gold so precious metal. Today, from spaceships to electronic items, the utility of gold has been found in many places.
