Have you ever heard the saying that something is "worth its weight in gold" and wonder
how valuable gold really is? Gold is one of the most precious metals on Earth and has always been considered valuable by almost every civilization throughout time.
Gold is used for numerous purposes that put it into the category of one of the most valuable metals. Many various kinds of jewelry are comprised of gold, but this is merely one of numerous situations where gold is used as a component. Gold is also used as an financial investment.
Looking over the prices of gold throughout time, it is easy to see that people have always valued it. As you look over investment charts and graphs, you will see that the prices of gold are quoted in ounces. You may be shocked to see just how much gold is worth if you have never looked for the price before. An ounce of gold costs over a thousand dollars to own.
The many items that are made of gold, together with the desire of people to possess it, are the reasons that gold is valuable. The historical variations in its value are due to the fact that there is a specific, limited quantity available worldwide and the demand for it at any given point in time. The price of gold is indirectly proportional to the quantity of gold that is held in reserve.
If you look back at the historical prices that you find you will notice that gold has been on a steady increase for a number of years, and recently has made some huge jumps in price. Whether it will continue to go up depends totally on supply and demand. Since the supply is not going up and it is hard to find, the price will remain at these high levels as long as people have a desire to own it.