It has been around for ages but what makes gold so valuable? At Landmark Capital, we know the value of gold. There are a few elements that give value to any substance or object for that matter. We are here to break down exactly what makes anything valuable, and more importantly, gold.
Breaking Down the Gold Value
Value is defined as the regard that something is held to deserve; the importance, worth, or usefulness of something. There are plenty of items that are held as valuable in today’s society. Some find their possessions valuable while others find value in the ones they love. The value that we are referring to is the intrinsic worth of a particular item. To put it even more simply, how much money a particular item is worth. So then, what elements does gold have that make it valuable? Let’s take a look at those elements.
The Element of Gold Value
When we look at the value of any of the metals there are certain items to take into consideration. Those elements include the melting point, rarity, and sustainability. The melting point, being as literal as possible, is the point at which that metal will melt from heat. Rarity refers to how difficult it is to find that particular metal and sustainability is how long that metal will last throughout the ages.
Gold’s Melting Point (in Degrees Celsius)
Gold does not have the lowest melting point of every metal by a long shot; its melting point (1063) is relatively low enough that it does not take an extreme amount of effort to melt down for other purposes. Some other metals that may be considered more valuable such as Platinum (1770) have substantially higher melting points. There are other metals that are of high worth with lower melting points but most of those lose points because of their sustainability. We’ll talk about that in a bit.
Gold’s Rarity
Although it may seem like you see gold around just about every woman’s neck or finger, you might be surprised at how much gold there really is in the world. BBC reports that a cube made up of all the world’s gold would only be about 22 yards on each side and equals about 171,300 tons. Don’t get us wrong, that is a lot of gold but when you compare that to say silver for example, which adds up to nearly 1.5 million tons, it’s not quite as much. The simple concept of supply and demand applies to this situation.
Gold’s Sustainability
As some of you may know, gold has stood the test of time. Gold pieces such as the Gold Mask of the Thracian King Teres have lasted since before common era. This is another reason that gold holds such great value. Other metals do not last as long as gold has lasted. Iron will rust, copper will corrode, and aluminum is simply too flimsy. Gold is not as unreliable as some of these less valuable metals.
See The Gold Value, The Right Way
Since you have now realized the intrinsic value of gold, let Landmark Capital Gold Group help you put it in the right places. Trusted, reliable, and delivering on our promise, we can educate, strategize and secure the right assets for you based upon your investments needs. Give us a call today at 877-448-2646 or visit our Contact Us page!