How Valuable is Gold?

Gold a very precious, one of the worlds oldest and most valuable Metal in the ancient times people fought and killed each other for it and is still the same now.
The history of gold begins in remote antiquity. But without hard archaeological evidence to pinpoint the time and place of man's first happy encounter with the yellow metal, we can only conjecture about those persons, who at various places and at different times first came upon native gold. Experts of fossil study have observed that bits of natural gold were found in Spanish caves used by the Paleolithic Man about 40,000 B.C. Consequently, it is not surprising that historical sources cannot agree on the precise date that gold was first used. One states that gold's recorded discovery occurred circa 6000 B.C. Another mentions that the pharaohs and temple priests used the relic metal for adornment in ancient Egypt circa 3000 B.C. However, it is curious to note that the early Egyptian's medium of exchange was not gold but barley.

The first use of gold as money in 700 B.C. is claimed by the citizens of the Kingdom of Lydia (western Turkey). Currency has remained one of gold's primary uses. It is considered so valuable that we measure all other values by it. In 1944, the International Monetary Fund and the World Bank were created, setting a new international currency standard in terms of gold.

Gold is still considered to be an extremely safe form of financial security, many preferring to hold gold coins and bullion rather than government bonds because of its intrinsic value. Gold has long been used as a store of wealth, with most countries and financial organizations holding gold as part of their financial reserve.