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Culture Of Gold Essay

1826 words - 8 pages

Culture of Gold

Gold has been valued in our cultural history for as long as societies have been able to adopt this valuable metal’s unique properties. Gold is unique in its inherent marvellous glossy shine. Gold is particularly malleable, conducts electricity, doesn’t blemish and blends well with other metals. Because of these exclusive properties, gold creates its ways in our everyday life in many ways or form. Gold has always had remarkable significance, shown by most civilizations as a symbol of wealth and power. Gold has captivated most of cultures around the world and the passion for it brings to the extermination of some cultures and the growth in condition of others. This essay ...view middle of the document...

The attraction of gold is that it never rusts, never harm human health and it is definitely stunning. Jewellery is the most general method gold to get to customers, and has been a crucial usage of the material in diverse cultures. Because of its gorgeous and strong properties, gold in jewellery is a decoration that is pure and admired. Its incomparable great qualities are one of the best status symbols. Recorded human accomplishments are often rewarded with the golden medals, trophies and other ornaments. In all from academic awards to Olympic trophies and medals, gold is known for its excellent qualities and it brings an everlasting place of worth in mortality's view. Gold also used in diverse ways from Asian countries. Particularly in India, decorating the body with gold is a method to fascinate wealth and bless. As a greatly valued material, gold creates an inherent presence in crowns and religious sculptures. China was known as a country, which makes broad use of gold such as decorate in bronze objects and diverse kinds of jewellery. Gold manufacturing doesn’t stop in China during the numerous imperial dynasties. When Chinese residents moved to Korea, they conveyed their broad knowledge of gold manufacturing skills with them.

This sort of changing global setting, proven by new causes of demand, had delivered some encouragement to individual investors curious about gold as an asset class. Because of its moderate degree of assurance, gold produces this as an uncertain portion of every stable investment portfolio, standing both of wealth creation and continuation. Gold is more clearly taught and believe than more complicated, obscure monetary instruments as a tangible real asset. Schiff supported that conceivably this is the reason, as market confidence rises in the North America, customer desire for gold raised almost 20% in the first half of 2013 in comparison with early 2012. At the time when conventional assets are underperforming, overly changeable, allowance and savings require to create on assets that decrease risk and re-balance returns. Gold can support and convey this much desirable protection for a long term. In a world of complex and uncertain change, durable and admired assets, for example gold, emphasised by continuing fundamentals, can keep offering precious reassurance (2014).

The search of gold was answerable for the discovery of the American continent. The desirability of the valuable metal brought Christopher Columbus to set forth from Spain in the 14th century. Columbus wanted to discover a western direction to Asia such as India and China, in a try to find the fount of their gold. In the progression he found America. The existence of gold brought the ultimate destruction of the local civilisations such as Incan and Aztec cultures. They were stolen for their massive supplies of gold by the attacking Spanish defeats under their combat leaders. According to Columbus, people who had something with gold were in possession of...

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