There is a saying "worth its weight in gold" and many people wonder just what is the value of gold. One of the precious metals found on earth, gold is considered valuable today and had been throughout civilization.
Gold is used in many different ways, which is one of the reasons why it is valued so highly. Jewelry is a popular use for gold and you can easily find it, but there are other uses for this precious metal. Gold can be used in investing, too.
A brief perusal of the price of gold over time will show the value that has been attached to it. When you investigate the various charts and graphs depicting investments, the prices that you see for gold are the prices for a single ounce of the precious metal. In the event that you have not given much attention to gold's price, you may be surprised to see the prices for which it has sold. The cost of an ounce of gold at present is in excess of one thousand dollars!
The reason that gold is so valuable is because of all of the things that it is used to make and people's desire to have it. It increases or decreases in value because of the finite amount of it in the world and the demand for it at any one time. As the amount in reserve decreases the price that it is sold for increases.
As you look over the history of gold prices, you will see that for the past few years it has increased in value and even more recently the price has went up drastically. Supply and demand will directly influence the price of gold and whether it is going up or going down. When the supply is not rising, gold can be difficult to get and the prices will remain high since so many people want it, but there is not a lot of it to go around.
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