The main reason for Huang Jingui is that it has financial attributes. Without financial attributes, gold is not a scarce metal. Because of its own characteristics, gold has many high value-added applications in the field of industrial manufacturing. Its scarcity is mainly due to the fact that all countries in the world use gold as their foreign exchange reserves, and it has the value of international financial and monetary circulation, that is, it has monetary attributes.
Moreover, it is internationally used, and its monetary nature has led many countries to increase their reserves to prevent foreign exchange crises. At the same time, gold also has the property of private luxury consumption. People in almost all countries regard gold jewelry as noble and a symbol of wealth and status, which also leads to a large collection of gold by the people. Due to the folk cognitive inertia of history, gold has become a substitute for wealth preservation, which has led to a large number of people purchasing and storing gold. The ubiquitous demand for gold makes it inevitable that gold will become more and more expensive.
The bigger reason is that gold reserves are not as rich as copper, iron, aluminum, lead and tin, and its mining is also very difficult, and the ore content is not as high as copper, iron and aluminum, which also makes it scarce. It is a natural law that things are scarce, and everyone on earth recognizes and accepts its existence value, collection value, financial attribute, foreign exchange attribute, luxury decoration attribute, wealth storage cognition, value preservation and use, and some special industrial uses.
Coupled with the demand for treasury reserves, it is inevitable that gold is precious. In the future, with the accumulation of wealth in human economic aggregate, gold mining will be more and more lagging behind, the proven gold reserves will be less and less, and the gap with the proportion of human wealth will become larger and larger. As long as gold does not change its traditional cognitive attribute, it will continue to be expensive until the day when gold loses its wealth attribute, and it will plummet and become a pure industrial manufacturing resource. Into ordinary metal.
Digital currency is a way to separate the financial attributes of gold.