What is the importance of gold?

In addition, gold has been used as a bargaining chip, as a store of value and as valuable jewelry and other artifacts. From a fundamental perspective, gold is generally considered a favorable hedge against inflation. Gold works as a good store of value against a declining currency. Gold clearly meets this widely accepted definition of money.

Gold represents strength, wealth, political power and has always been a symbol of success and timeless admiration. Gold is considered a sign of wealth, prosperity and power. It has captivated several cultures around the world and the need for gold has created progressive development for many cultures, but sadly, it has also been responsible for destruction for others.