Ultima Markets: 【 Trading Classroom 】 Gold fever returns again, why is gold price...

The recent popularity of domestic gold prices has led togoldInvestment has once again entered the public's view. The value of gold has persisted for thousands of years, not only because of its practical use, but also because of its unique value attributes at the social and psychological levels.

The unique value of society and psychology

Gold is one of the rare precious metals on Earth, and mining and refining it requires great effort and resources. This scarcity makes gold a limited resource, which is often considered valuable. This value attribute is universally recognized by society, and this consensus has made gold highly popular in the financial market.

As stated in "A Brief History of Humanity", Even a large number of people who do not know each other, as long as they believe in a certain story, can work together. Whether it is religious beliefs, national subjects, or legal stories. These are actually only stories that humans invent and tell each other. Except for their common imagination, this universe has no gods, no states, no money, no human rights, no laws, and no justice

In addition, our ancestors faced the problem of finding an exchange method that was easier to implement than barter. Currency is one of these medium of exchange, and in the periodic table of elements, gold is the most logical choice. This is because gold does not corrode and can easily melt under a flame, making it easy to process into coins. Unlike other elements, gold naturally has a series of unique and beautiful colors.

If modern currencies collapse, then gold may not immediately play a role as people will panic and compete for basic demand. But in the end, gold will be used as a means of payment for goods and services. This indicates the psychological, social, and economic importance of gold.

Castability and versatility

Gold is an extremely durable and non corrosive metal, which means it can be stored for a long time without being damaged. Meanwhile, gold can be cast into various shapes. These two characteristics make it a widely used material, widely used in the fields of jewelry, electronic equipment, dental tools, as well as national defense, aerospace, and automotive industry.

Gold is also regarded as a reserve of wealth, as precious jewelry and other artworks. From ancient Egypt to the Inca civilization, gold has a visual beauty and magnetic appeal, making it the preferred choice for jewelry and decorations.

Gold can both stimulate subjective personal experiences and be seen as an objective object of exchange system. It can serve as both a quantitative and tangible existence, as well as possessing qualitative and transient characteristics.

Gold often resonates with the needs of warmth and nourishment in people's hearts. It represents warmth and satisfaction, and therefore holds a special position in people's emotional needs. Gold brings a sense of pleasure to people psychologically, which also enhances its attractiveness.

Overall, the value of gold lies not only in the consensus that this precious metal is precious, but also in its series of characteristics that make it an ideal medium of exchange. The scarcity, non corrosiveness, castability, and attractiveness of gold, as well as its psychological and social needs, all together shape its enduring value.

Therefore, regardless of the good or bad economic times, gold will always have value and is the wealth reserve that we are most likely to rely on when other forms of currency are no longer applicable.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.