The metal is abundant enough to make coins, but rare enough that not everyone can produce them.Gold does not corrode and provides a sustainable store of value Store of value is essentially An asset, commodity or currency that can be saved, retrieved and exchanged in the future without depreciation. … gold and other metals are valuable means of storage because their shelf life is essentially permanent. https://www.investopedia.com › Terms › storeofvalue
Store of Value Definition – Investopedia
and humans are drawn to it both physically and emotionally. Society and economy both value goldthereby continuing its value.
When did gold start to have value?
In fact, gold, 1600-1200 BC or Late Bronze Ageis becoming the basis of value for many valuables now traded between Central Asia and the Mediterranean, including metals such as tin and copper.
Does gold still have value?
Although gold prices may fluctuate in the short term, it always retains its value over the long term. It has been used as a hedge against inflation and devaluation of major currencies over the years, making it a very worthwhile investment.
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