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Basic knowledge about gold.
Gold has a Chemical symbol of AU, which extracted from gold in Latin language “Aurum”. Gold is considered as world precious currency for over thousand of years due to its scarcity. It has also been known as the safe heaven, which serves to preserve and increase wealth of investors for centuries. In current economies most currencies value fluctuate with high volatility and uncertainty in its value. On the other hand, despite any instability in financial or political crisis gold always preserve its genuine value.
The unique characteristics of gold that help to separate it from the other precious metals are as follow
- Luster – The beautiful yellowish metal shines helps gold to hold its distinct beauty and value.
- Durability - Pure gold does not have chemical reaction with oxygen (non-oxidation. Therefore it is enduring from corrosion, rust and will remain shiny after centuries.
- Scarcity - In order to extract 1 ounce of gold we are required to mine tons and tons of metal ores. Therefore with its insufficiency and difficulties in extraction process, the price of gold is exceptionally high.
- Reusability - Gold is suitable to be produce into jewelry because of its ductility; softness can easily bend into shapes. It also can be reuse by refining and melted again into gold bars.
- Malleability – this is because gold has the elasticity that is one of the best among the precious metals. It can be bending or iron into shapes without breaking. Gold weight of less that 1 ounce can be stretch into a wire of over 8-kilometer length. Gold is also a high heat resistant as well as good conductor of electricity.
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