Is it Stupid to Buy Gold?

Gold is a rare metal. But so are numerous other metals taken in their purity. Arsenic is rare. Uranium is rare. Platinum is rare. Even shells are rare in some countries. A substance that does not shine, is pale yellow, gets worn out quickly when utilised pure, and yields poor returns when resold has been one of the most sought right after commodities.

What makes us do away with our reasoning when it comes to getting gold ornaments? As a basis of cash it made sense as it was procurable in purity and quite rare compared to other available metals. Making ornaments from this base made sense too, soon after all it was income. Now that it is no longer related to money, why do we still chase gold before any other metal? With extensive mining and processing, is it still as rare as it was earlier?

The reason possibly lies in its history as a precious and rare commodity. Gold has woven its charm around us. It was sought by mighty kings, and worn by pretty queens. This history can not be done away with simply.

Maybe the worst part of purchasing gold is the investment aspect. It is hard to get good returns when the goldsmith deducts a excellent quantity of the weight to compensate for losses in reprocessing. It may even turn out to be gold of much less purity than what it was claimed to be.

The very word ‘Gold’ has come to stand for some thing distinctive, precious, pure, and desirable. The adjective ‘golden’ has come to stand for these qualities, so significantly so that alternative medicine formulations use gold as an ingredient in some remedies.

On the other hand, gold does have its positive side. Its yellow dullness attracts just the appropriate attention. A brightly shining metal would be distracting to the eyes.

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