We all are familiar with phrase “All that glitters is not gold”, perhaps if taken in literal sense one gets cautious whilst purchasing this metal or perhaps plated jewelry. But the phrase has an entirely deep meaning to it as to explain that whatever your eye perceive might not be true always as there could be other side to a coin too. We guess the direction of our discussion is going philosophical way yet we couldn’t ignore this old phrase that holds strongly in our mind since decades. The matter stands for something elegant, classy, and expensive as it relates immediately to high profile royal families. But does that mean it is not for common people?
If we initiate our conversation from traditional aspect Asia is the most associated continent with this precious metal and people in Asian countries are either fond of wearing precious jewelry or accumulate it for asset purposes. People call Dubai the city of gold perhaps the reason behind this is people’s liking for the metal or its easy availability in the country. The tradition of purchasing or wearing precious metal is followed at personal celebrations like wedding. You can spot an Indian bride wearing yellow metal jewelry expansively and it is not restricted to simple chains but heavy necklace, earrings, tiara, armlet, bangles, rings and anklets. Well, yes we are referring to a single girl wearing all this on her wedding day.
But the question is what makes gold so hot amid all metals? Since early centuries this metal has always been considered precious and more so as an asset in valuables in form of either jewelry or coins known as genie. The metal is most popular in bright yellow color for its soft texture and easy molding quality to be used for different purposes. It would be interesting to know that pure form of this metal is extensively soft hence it needs to be mixed with metals like copper for the purpose of hardening, the metal is measured in units of karats which can further be divided in categories depending on its purity like twenty -four karat, twenty- two karat, eighteen karat and fourteen karat.
If we truly think about the metal and its right place, we will have to head back to the era of kings and queens who had shiny metal, diamonds and pearls accumulated in their treasures. Courtiers and common men used to get coins as rewards for their good deeds or extraordinary performances. But such is not the prestige of metal with time as now the metal has become approachable and affordable for him. Although with time in just about two –three years the value of gold has risen to a good amount making the metal even more valuable than before yet the metal sustains its fame amid people.
However you would be surprised to know that metal has more potential to be used as medicine except from being a valuable accessory. If you have ever come across alternative health medicines you would observe that they use gold powder in some of their preparations for medicinal purpose. Even its dust or flake has been put to use sparingly to decorate royal dishes and sweets. Apart from this it has been used extensively in industrial field due to its quality of good conductivity like in electrical wires, heat insulator in engines, foliage in some products, coating on satellites etc. In recent years the power of its powder has extended its mileage to beauty products also. With success of bullion facials and its awesome effects on a face the metal has added one more miraculous usage to its list.
Other than this there are gold threads for embellishing design, in dental repairing of crowns, bridges and even photography. The names of such field when associated with the metal really amaze a person. But with its sparkling qualities sky is the limit for metal that steals heart of either gender with its bright yellow shine. Have you ever thought about the magic of the color leave aside all its precious value?
The golden color has a royal place in fashion industry. Although considered a little loud in recent shows with silver and diamonds reining the ramp yet the color is making a gradual comeback. The color displays more grace in shimmering delicate fabrics like satin, crepe, silk and tissue. The color has a universal appeal as far as embellishments are concerned and gulf countries sustain a specific passion for this color tone.
Amongst few metallic colors like silver, bronze and copper, gold enjoy the most celebrated status. But the point worth consideration is the color expensive in any form?
Very few people are actually aware that gold is rarely found commodity hence it is expensive as compared to other metals. However its cost could never hinder its popularity as traditionally the metal’s rings were considered good for religious ceremony. The reason was not its cost perhaps it was the metal’s stern nature and purity associated with it that made it most preferred for wedding bands. Although in Asia this metal can be observed in several accessories like watches, figurines, toe rings etc. Well, then we can say that it is a metal of wealth that actively participates in industrial monetary market and is equally efficient in glamorous world of fashion too. But do you truly wonder what properties this metal possesses that make it so special for commercial industry?
Gold metal extracted from mines has unique properties like good electrical conductivity, resistance to corrosion and thermal conductivity; this makes it very useful in making electronic components, as a shield in spacecrafts and satellites to protect them from sun radiation. The metal enjoys a good demand and equally good supply but then people store it for future security and its demand considerably increases in crisis which further results in more fluctuating prices of the metal.
But do you know where this metal is coming from? Well, here we are referring to the source of this mineral. As we mentioned before it’s extracted from mines with help of labor that works there in hard hours to extract the metal in its raw form. Some of the biggest pioneers of this precious metal are South Africa, California, Australia and China. They all hold like a brilliant circumvent in insecure times and consider it great for investment. Perhaps there are suggestions for layman to invest in gold like an investor via coins, bars or even its refineries are very reliable companies.
Very few people have faith in purchasing gold, can you think of one good reason as to why people don’t invest in it although it has been the most stable and reliable stocks that outperformed several others in recent times? Traditionally if you observe few decades of seventeenth century you can feel its value and significance via being treasured in chests or being used with respect in crowns with gems and stones. But jewelry being it’s most extensive use has popularized it more like an accessory rather than an asset value. People now prefer depositing money for interest in bank as heavy jewelry is outdated now. Although purchasing bullion bar could be a good investment but again it is not a small investment for common people. So we can say that the tradition of investing in this valuable asset is gradually decreasing with availability of alternate options.
However this does not mean that magic of golden metal is vanishing. Even if you have noticed Egyptian royalties they are generally portrayed with loads of gold jewelry. The properties of the metal have truly aided man in achieving some great heights like visiting moon. As being a good conductor of heat the metal is used as radiation shield to protect it from sunlight.
Hey! Do you know that it is one of few metals that have startling facts related to it? Like world’s most expensive gold coin has been existent since 1932. A heritage truth about the metal is that most of existent one has been recycled from its past forms, so next time you purchase it, look out! It could be part of pharaoh’s crown. We hops we are not making it sound spooky to scare you rather we only meant to bring the feeling of inherent of something royal existence.
Now finally we come to a layman and perceive gold through his eyes. Does he buy the metal? Well, he looks at it as a precious valuable metal and gets interested in purchasing it only at his wedding or if his budget allows him may be few trading sessions on the stocks for financial gains. Although golden accessories for women have wide choices but men accessories have limitations to watch, pen, frame and cufflinks. The metal jewelry has recently been introduced in stores with certified hallmark about its purity and that also guarantees its return value. Few surveys have reportedly shown momentum in metal’s purchase in these sorts of offers. Hence it is a fabulous metal that shines not just as an accessory but also possess shine in form of its asset value that simply brings a smile on possessor’s face.
Gold is bold you can change it or mould
Its value remains good or might shoot as it gets old.