There is plenty of symbolism associated with gold, but the value of the metal goes well beyond the symbolic. Gold offers utility as a store of value. People ranging from impoverished Indian farmers to wealthy central bankers hold the physical metal as a form of savings. Jewelers make beautiful creations with the metal. And it has a range of applications in industry and manufacturing – electronics being one of the more significant.

Another interesting use for gold is as a hedge. Its value often increases during periods of turmoil, just as the value of riskier assets is in decline. That is why every prudent investor should reserve space in their portfolio for minted gold bullion.



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