Gold has always been one of the focuses of people's attention, and its price fluctuations have always attracted widespread attention. However, many people are curious about why gold is so soft and not as hard and bright as diamonds. It has its own exclusive position in the market, and the price is still so expensive. Today I will analyze for you the reasons why gold is so expensive. Come and take a look.
First of all, everyone knows that rare things are valuable. As a rare metal, gold is a non-renewable resource, so its reserve amount can be said to be "use less". Faced with the increasing shortage of gold, it is naturally difficult for its price to go downhill.
Secondly, gold is the world’s hard currency, which means it is also a kind of currency. Every country will make corresponding gold reserves. In various transactions between countries, gold also serves as a currency. Currency circulates in it, which shows that its significance is extraordinary.
In addition, the use of gold is not only the national currency reserve and the sale of gold jewelry in the market, it also has an extremely important role, that is, gold is needed to create its special functions in all kinds of high-precision technological equipment. Gold is used in components such as airplanes, spaceships, weapons and high-tech medical equipment, and its role is irreplaceable.
Finally, the means and methods of gold mining are also quite troublesome and require a lot of manpower, material and financial resources. It can be said that the cost of mining is extremely high, so the price cannot be lowered, otherwise the effort will not be proportional to the gain. , is there such a truth?
In short, gold has been widely admired by the people for so many years. Whether it is buying jewelry or speculating in gold, everyone is flocking to it. However, the editor wants to say that although gold maintains its value and has a certain market demand, However, you must also be cautious when investing to avoid unnecessary losses due to poor control of trends.
What do you think of the gold market and its high prices? Welcome to leave a comment in the comment area below, let’s discuss it together.