Gold is considered precious, listed on the stock exchange where the value changes based on the trend of the sales and purchase market and for this reason, yes, it represents an asset that allows one to get rich, but whose volatility ends up showing a instability to watch out for.
What makes gold so valuable?
First of all, the unique physical and chemical properties: in fact, gold is a relatively rare element on the earth’s crust, approximately 0.005 parts per million. This, combined with the difficulty of extraction and processing, limits its availability. Furthermore, it is one of the most resistant metals to corrosion and oxidation. It does not react with most chemicals and maintains its shine over time, making it a durable and valuable material.
Gold is a ductile and malleable metal, meaning it can be easily shaped into thin wires or thin sheets. This property makes it ideal for the production of jewelry and other decorative objects. And it is also an excellent conductor of electricity and heat, properties that make it useful in electronic and industrial applications.
Consider also that from a cultural point of view, since ancient times, gold has been associated with wealth, power and social status; it has been used as currency, to make jewelry and ornaments, and as a store of value; has played an important role in many world religions and cultures; it was often associated with deities, rulers and concepts of immortality and purity; it has always been a desirable commodity, and the demand for it has remained constant throughout the centuries.
And finally, gold is considered a safe haven in times of economic or geopolitical uncertainty, historically maintaining its purchasing power over time, eroding less than inflation compared to other currencies or assets
Therefore, by analyzing the intrinsic factors (scarcity, physical and chemical properties) and the extrinsic factors (history, culture, demand, economy), gold becomes in all respects a very important metal, which is guaranteed wear resistance, beauty And association with concepts of wealth and power which make it a precious and sought after asset all over the world.
In addition to its intrinsic value, gold is also seen as a safe and reliable investment, capable of protecting assets from market fluctuations and inflation. For these reasons, gold will continue to be a valuable and desirable asset well into the future.
How much is gold worth right now?
If we were to give detailed information on the value of gold at the moment, we could also be wrong, since, as mentioned before, a metal subject to continuous fluctuations, even during the same day. This is why it is important to know that what is established at this moment may not be valid in a few hours.
At the moment the value of gold is around 71.53 euros per gram. If you wanted to know in more detail how much 150 grams of gold is worth, it would be enough to multiply this value by 150 and we would obtain the value of approximately 10,729.50 euros.
Keep in mind that…
The price of gold fluctuates continuously throughout the day, therefore the precise value may vary slightly at the time of purchase.
The above prices refer to pure gold, i.e. 24 carats. If the gold you own has a lower carat weight, its value will be proportionately lower.
To sell your gold, you will have to go to a gold buyer who will pay you a price lower than the market price, which also takes into account the processing costs and the profit margin of the gold buyer himself.
