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Gold is considered a precious asset for several reasons that intertwine between history, physical characteristics and economic qualities. Since ancient times, gold has been associated with wealth, power and social status. It was used to mint coins, create jewelry and decorate precious objects.
Here are the main characteristics of gold that make it so precious
Gold is a noble metal that does not corrode and resists oxidation, maintaining its brilliance over time. Furthermore, it is extremely malleable and ductile, which makes it easy to work and transform into different shapes.
It is also a relatively rare element in the earth’s crust. Its concentration is estimated to be around 0.005 parts per million, meaning it is much rarer than other metals such as iron or copper.
It is also an excellent conductor of electricity and heat, properties that make it useful in various industrial and electronic applications; an inert metal that does not react with most chemicals, making it resistant to oxidation and wear.
It is often seen as a safe investment and a safe haven asset in times of economic or political uncertainty. It is considered a durable good that maintains its value over time. Gold is a commodity with constant demand from investors, jewelers and industries. This constant demand helps keep its value high.
As already mentioned, gold is a relatively rare element, and its extraction is a complex and expensive process. The limited supply, combined with constant demand, contributes to its high value. It is considered a safe haven against inflation. In periods of rising prices, the value of gold tends to rise, protecting investors’ purchasing power.
In summary, the value of gold derives from a combination of historical factors, unique physical characteristics and economic qualities that make it a desirable and attractive asset for several reasons. In addition to these factors, it is important to note that the price of gold can fluctuate depending on global economic conditions, geopolitical events and speculation in financial markets.
Here’s how much 100 grams of used gold can be worth
The price of used gold varies depending on its carat weight and real-time market prices. However, to provide you with a rough estimate, we can consider an indicative value of 3,375.00 euros per 100 grams of used 750‰ (18 carat) gold, which is the most common carat weight for jewellery.
Some factors influence the price of used gold. For example, the carat: the higher the carat of gold, the higher its value. For example, 24 karat (pure) gold is more expensive than 18 karat gold. The price of used gold is sold per gram, so the greater the weight, the greater its value.
The state of conservation of the used gold object can influence the price. Well-preserved items with little sign of wear will have a higher value than damaged or worn items.
To obtain a precise evaluation of your used gold, I recommend you go to a professional gold buyer. Gold buyers use specific tools to determine the karat and weight of gold, and will offer you a quote based on real-time market prices.
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