Why is Gold considered so Precious and Valuable? Gold Never Changes its Value, Currencies Do. Amanda Van Dyke, Fund Manager & Gold and Mining Analyst comments.
Coming back to Gold, it must be a great time for you. Gold is mainly a store of value, meaning that most of the gold is saved. Gold is as such a currency that will preserve its value over time. Does Gold have an intrinsic value? Gold does have an intrinsic value and it is universally accepted. Gold helps to protect against inflation – it is a currency that cannot be manipulated; in fact Gold is a very intelligent hedge against deflation.