The Value of Gold

The Value of Gold

I recently came across an incredibly ignorant statement blaming God for causing all the strife in the world. The reason this person gave was that God created gold which causes class distinctions, wars, and constant conflicts. Humans have indeed fought over gold, but it is also true that the value of gold to human existence is much more than a source of wealth and prestige. Gold is one of the most useful things God has given us.

A single ounce of gold can be drawn into a thread 50 miles (80 km) long without breaking. Gold is not just ductile; it is also malleable so that it can be pounded out into sheets. It reflects infrared radiation making it useful for coating spacecraft and the suits that astronauts wear. Because of its resistance to tarnish, people have used gold in jewelry, but its practical uses far outshine any aesthetic value. Since it doesn’t tarnish and is an excellent conductor of electricity, engineers use gold plating on critical electronic contacts.

Gold can be combined with other elements for a variety of uses. The value of gold includes the use in medicine. People have used gold in medicine throughout human history. Doctors today use injections of gold salts to reduce the swelling and pain of rheumatoid arthritis. Oncologists use gold to help shrink cancerous tumors.

One might ask, “Why is gold so rare?” Actually, it isn’t. Researchers at Arizona State University showed that the sewage produced each year in a city of a million people includes 2.6 million dollars worth of gold and silver and the oceans contain 20 million tons of gold. There are 244,000 tons of gold on our planet, but we have already extracted about 80% of the world’s supply. We are now finding massive amounts of gold in space objects. Scientists believe that a metallic asteroid named 16 Psyche has a core of almost solid gold, perhaps worth a few hundred quintillion dollars.

The value of gold is not its financial worth but its properties, giving it an incredible number of uses. Humans have treated gold as a symbol of beauty and value and often fought over it. But like everything God has created, gold is a blessing for which we should be thankful and not greedy.

— John N. Clayton © 2021

Data from Reader’s Digest, March 2021, pages 28-30.