Our fascination with gold has been ubiquitous since the beginning of recorded history, and it has been a stalwart investment across cultures worldwide. The value of gold comes from its scarcity as a commodity, and its price tends to grow during times of economic uncertainty, particularly when inflation is high.
Gold is unique because, unlike other commodities, gold is not consumed or utilized to the extent of other commodities. The primary value of gold is intrinsic, although it is used in many electronics today. The United States monetary system was based on the gold standard until the 1970s, and advocates of this believe that a system based on gold, which has a finite and physical supply, is the best option.
