ever since the Neolithic period, human all over the land are starts to appreciate gold
as an asset or something valuable belonging.
Centuries of excavation and mining were done to acquire this valuable commodity.
Bloods, sweats, killings, war and conquering and so on are recorded
in the history just for the sake of gold.
One classic literature related to gold is the story about King Midas.
The king has been cursed because of his greediness, everything that he touched will
eventually turned into gold, until he die because he can't even eat or drink.
There's also other classic stories from ancient Greek, Rome, Scythian and so on which tells about their warriors fought and won or loose, dying in the battlefield for the reason of gold.
In early 15 century, Portuguese has start their voyage to the far east, bringing with them 3G's,
Gold, Glory and Gospels. Sailing to southern America at the west and Malay Archipelagos on the
east to colonise, conquering lands and their 3G's. (sadly mobile phone are not available at that moment)
El Dorado is the classic example to proof the Spanish arrival, and so does the Mayans gold in Mexico.
History is the most classic witnesses to testify human eagerness on their quest to obtain gold, but, centuries has passed until today the 21st century, and do we understand the value of gold.
Why does the gold has been given such a substantial value in every culture community? Where does the value derives from? Whom responsible to give value of gold? What kind of valuation that need to be determine during gold valuation?
Before the Bretton Wood Agreement, the value of United States of America currency are pegged to the value of gold, until the greenback receives a huge devaluation, they abort the pegging and let the greenback float. That's much of the accreditation were given to gold on the time.
There's an old words saying that if the stock market heading towards uncertainty and possibly getting bears for a significant period, it's better to buy gold as it is a safe heaven.
But, does gold were that vital in economic perspectives?
My mom owns several accessories made from gold, time by time she will pawn her jewellery just to make sure there's food on the table, (well, that was about 10 years ago....)
When I asked my mom why does she like to buy and collect gold jewellery? and she answer me by saying that it's an investment, (the most conservatives investment...) it's the most risk free investment that anybody can easily mastered, except, the only risk here is only thieves.
At least there's a good things by acquiring gold....... pawn it when you need cash.
But, gold are actually just a piece of metal.
I still remember when my ex-girlfriend asked me whether I would by her any jewellery on Valentines Day, I said yes, and she says she want her gift to be gold, and I say 'what?'
I was naive on that time, I don't know that by saying 'what?' is such an offence to her at that particular moment, I should have know that she was a materialistic.. (sorry Ariel...)
The point is, gold is just a piece of metal,
history has proves that gold has caused so much trouble in this world, (exclude my case please....)
The reason it has a value in any community is just because it's the most practical medium of trade. That's all, end of conclusion.
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