There is a saying “worth its weight in gold” and many people wonder just what is the value of gold. One of the precious metals found on earth, gold is considered valuable today and had been throughout civilization.

Gold is used for numerous purposes that put it into the category of one of the most valuable metals. Many various kinds of jewelry are comprised of gold, but this is merely one of numerous situations where gold is used as a component. Gold is also used as an financial investment.

One thing that you can do is look at the historical prices that gold has been sold for. The prices that you will find when you are looking at the different investment charts and graphs are the prices that it is sold for in ounces. If you have never paid attention to the price, you might be amazed to find out how much it is sold for. It costs over a thousand dollars to be able to own even one ounce of gold!

The many items that are made of gold, together with the desire of people to possess it, are the reasons that gold is valuable. The historical variations in its value are due to the fact that there is a specific, limited quantity available worldwide and the demand for it at any given point in time. The price of gold is indirectly proportional to the quantity of gold that is held in reserve.

Taking a moment to review the historical prices of gold, you will realize that over recent years its price has been on the incline and that lately the price has increased quite a bit. Whether the price of gold will continue its rise is dependent upon supply and demand. As the supply is not increasing and gold it difficult to find, the price should stay at these high levels, for as long as people continue to want to possess it.

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