This shiny metal, whose presence has dotted almost every early civilisation that there was, is indeed one of the most valuable and expensive metals of all. But the question arises as to “why” is gold attached to such extravaganza of praise? The thing about money is that if it is your own, you start to think whether or not to spend it on something and that automatically leads you to question the value of the thing. The same happens with gold. You start to wonder if it is at all worth it in the first place. Well, yes, it is. Why do you ask? Read along then!
Reasons why Gold is expensive:
There are quite a few things out there which are quite expensive, but are all of them worth it? Also, a term that we associate with gold is “valuable”. That alone holds a lot of meaning. Yes, the gold price today has gone high in recent times. Yes, gold indeed is quite valued, even in the present day scenario. Scroll along and see if it makes sense.
- Its varied usage:
One of the top reasons as to why gold is considered so expensive and valuable is due to its usage in a wide array of fields. While it has been once used as a form of transaction, even today, gold is also used in jewelry. Such contrasting usage, but the material remains the same. There are many such ways in which gold has shown to have and can serve mankind.
- Its indestructibility:
Gold is also one of the metals that cannot be destroyed that easily. Many metals that may look good at first, contain chances of rusting or getting tarnished. But not gold. Not one gold jewelry of yours, no matter how old, has yet lost its luster, and that is a sure enough fact.
- Its Universal value:
Gold has a universal presence. It is recognised everywhere with the value that it deserves. So if you wish, you can even transport physical gold from one place to another. This especially helps if you need some quick cash. You can always sell your Gold, or keep it as collateral in return for cash.
- Central banks take Gold:
Central banks let you keep your gold in form of a reserve currency. In case any emergency arises in your place, or your personal space, you can transform this gold into quick hard cash. You can then use it as a regular currency. There, however, always has a risk factor involved, but what you must keep in mind is to not turn away from your decision.
Indian gold rate today is on a constant these days so you can get a good deal on them if you are thinking to sell them off and get some money. It is a way to ensure that in almost all cases the gold you have, has got your back whenever you need to have some quick cash.