Gold is a simple form of chemical element gold (Au), which is a soft, golden yellow and corrosion-resistant precious metal. Gold is a rarer, more precious and more valuable metal. Generally speaking, gold in the world is measured in ounces. In ancient China, gold was measured in ounces, which was a very important metal. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication and aerospace industry.
The chemical symbol of gold is Au, and the financial English code is XAU or gold. The name Au comes from a story of Aurora, the goddess of dawn in Roman mythology, which means shining dawn.
As of 202 1, 10, 12, the gold price is 1760 USD/oz.
For decades, inflation has been very serious, and all countries have been troubled by this problem. The value of money depreciates, the purchasing power of money decreases, and money becomes worthless.
In some extreme cases, the national currency inflation is serious, and paper money will become like waste paper. Gold itself is a precious commodity, and the price of gold will rise with inflation, that is, gold offsets the loss of inflation and ensures that investors' assets will not be eroded by inflation.
In ancient times, people all over the world regarded gold as the best travel expense for long-distance travel. By 20 19, gold will still be the world currency.
As long as you have real gold in your hand, banks, jewelers and gold merchants all over the world can convert gold into local currency, and gold can pass around the world unimpeded, and its currency status is more stable than that of the US dollar. In addition, gold is also recognized as an asset all over the world, and people all over the world have a consensus on the precious value of gold.