Why Is Gold The World's Most Sought After Metal?

Since the dawns of their history, people seemed to have been irresistibly attracted by gold

. It has always been held in a high esteem and in time it became the most sought after and high valued precious metals. No wonder than that in many parts of the world it was given some symbolic attributes too. Ancient people saw a symbolic connection between its long lasting brightness and the sun, while among old tribes gold gained a mystic significance. And, in a most interesting way, it was also given a symbolic association with immortality.

The richness of all imperial treasures from around the world wouldn't be complete without their huge amounts of gold and gold products. But, despite being considered an old measure for value and wealth, it's not just royalties who have a thing for gold. Ordinary people love it too. Could anyone of us think of a traditional engagement or wedding without a gold ring? And how about the wide variety of accessories people wear: bracelets, earrings, necklaces, or watches?

It will be wrong for us to assume that jewelry is the only field in which gold can be found. Let's take medicine, for instance, where this precious metal is used for treating patients with rheumatoid arthritis. Dentists have also made use of it for filling in cavities and for crowns. In time, the medical purpose made room for the cosmetic one as gold teeth were no longer just a dental prosthesis. Their function was rather ornamental. For some people in many parts of the world, teeth made of gold are a sign of a person's status and wealth. And, even more interesting is the fact that nowadays the new trends in anti-aging treatments is to use gold as part of the recipe.

Either as jewelry, financial asset or industrial product, gold's importance and popularity is unquestionable. What makes it so special among the other commodities are his special attributes. It can't be destructed and doesn't lose its value, yet there are other properties which make it suitable for uses in jewelry and coinage. It resists corrosion and his chemical composition doesn't change in contact with elements like air and moisture. Furthermore, it has high density and malleability, ductility and tensile strength.

It is customarily and legally for gold to be used as a means of payment or a medium of exchange. The units of measurements for gold are the gram and troy weight. For measuring the amount of gold from a piece of jewelry, specialists use the term 'carat'. A necklace of 24 carats is certain to have been made of pure gold.

It is pretty obvious that gold is still the most sought after precious material. In difficult times, when world, financial or social instability rises, the best investment option is to buy gold. This is clearer indication that gold plays an important role in world's economy.

by: Jack Wogan.

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