There are many uses of gold in the modern world, from practical to purely symbolic. As a limited resource, gold retains its value.
Gold is one of the most sought-after and trusted commodities. Even the term “gold standard” refers to a standard that is unquestioned or above reproach. Gold has motivated pirates, treasure hunters, and conquistadors throughout the centuries.
These two qualities undergird gold’s status as an inflation hedge and an investment that will survive economic downturns, wars, and societal collapse. As you consider investing in gold, consider the following uses, and take stock of the many ways that people today depend on gold….