Due to its strength (it doesn’t rust or corrode), malleability, and capacity to conduct both heat and electricity, gold is unlike other metals. Although gold has certain commercial uses in dentistry and electronics, we are most familiar with it as the foundation for jewelry and as a kind of money.
Every day of the week, the market decides how much it is worth. Gold trades mostly according to sentiment; the rules of supply and demand have less of an impact on the metal’s price. This is due to the massive amount of gold stored above ground, which outweighs the supply from new mines. Simply put, prices decrease when hoarders decide to sell. A new supply is quickly consumed when gold buyers in Calgary increase, which raises the price of gold.
The increased desire to stockpile the bright yellow gold is caused by a number of factors:
