There is an estimated 5,407,112,558 ounces of gold still to be discovered on earth, according to United States Geological Survey (USGS). This limit makes it more appealing. Below shows a table of gold prices over time.
Financially, the metal is deemed valuable due to its non-counterparty risk, which means it does not default or becomes worthless. That makes keeping gold in physical form an investment in itself as it does not require contracts to ensure that it retains its value. Gold also is not backed up by any government or financial institutions, unlike fiat money, where it is backed up by trusts of the issuing authority. Gold also has a high liquidity rate, which means it is easy to convert physical gold into cash of any currencies; hence it has been used as a global standard for the monetary system.
Chemically, gold’s yellow color makes it appealing and unique from other precious metals. Gold does not corrode easily with natural elements and, through time, coins made of gold are recognizable even after a thousand years. Apart from being a financial tool, gold is a malleable and ductile compound that conducts electricity. It can be stretched and spread without breaking.