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The purity of gold in a compound is measured in [[Carat|Karats]], with 24 karats being pure gold. 18 karat gold is three quarters gold, one quarter other [[elements]], and so forth. Gold is usually in alloys because it is soft and pliable.

The purity of gold in a compound is measured in [[Carat|Karats]], with 24 karats being pure gold. 18 karat gold is three quarters gold, one quarter other [[elements]], and so forth. Gold is usually in alloys because it is soft and pliable.

== Value ==  

== Value ==

Due to its characteristics being both resistant to oxidisation and rarity on [[Earth]], gold is seen as very valuable. Gold is the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). Gold is currently in excess of $1400 per [[ounce]].[http://goldprice.org/gold-price.html]

Due to its characteristics being both resistant to oxidisation and rarity on [[Earth]], gold is seen as very valuable. Gold is the basis for a monetary standard used by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). Gold is currently in excess of $1400 per [[ounce]].[http://goldprice.org/gold-price.html]

Gold was one of the three [[Gifts of the Magi]], along with [[frankincense]] and [[myrrh]].<ref>Matthew 2:11 [http://www.blueletterbible.org/kjv/Mat/Mat002.html#11]</ref>

Gold was one of the three [[Gifts of the Magi]], along with [[frankincense]] and [[myrrh]].<ref>[http://www.blueletterbible.org/kjv/Mat/Mat002.html#11 Matthew 2:11]</ref>

Gold is also used in [[jewelry]].  However, the [[New Testament]] instructs [[Christian]] [[women]] not to wear gold or [[pearl]]s.<ref>I Timothy 2:9 [http://www.blueletterbible.org/kjv/1Ti/1Ti002.html#9]</ref> Other uses of gold include aerospace, awards, [[bullion]], coinage, computers, [[Gold standard|currency backing]], dentistry, electronics, glassmaking, gold gilding and gold leaf and medical. <ref>[http://geology.com/minerals/gold/uses-of-gold.shtml The Many Uses of Gold], Geology.com, accessed December 11, 2008</ref>

Gold is also used in [[jewelry]].  However, the [[New Testament]] instructs [[Christian]] [[women]] not to wear gold or [[pearl]]s.<ref>[http://www.blueletterbible.org/kjv/1Ti/1Ti002.html#9 I Timothy 2:9]</ref> Other uses of gold include aerospace, awards, [[bullion]], coinage, computers, [[Gold standard|currency backing]], dentistry, electronics, glassmaking, gold gilding and gold leaf and medical.<ref>[http://geology.com/minerals/gold/uses-of-gold.shtml The Many Uses of Gold], Geology.com, accessed December 11, 2008</ref>

==See Also==

==See also==

* [[Fiat currency]]

* [[Fiat currency]]

* [[Inflation hedge]]

* [[Inflation hedge]]

* [[Precious metal]]

* [[Precious metal]]

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[[Category:Elements]]

[[Category:Metals]]

[[Category:Metals]]

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{{Economic preparedness topics}}

[[Category : Economic Preparedness]]

[[Category:Economic Preparedness]]

[[Category : Investments]]

[[Category:Investments]]

[[Category : Individual Retirement Accounts]]

[[Category:Individual Retirement Accounts]]

[[Category:Precious Metals]]

[[Category:Precious Metals]]

[[Category:Electrical Engineering]]

[[Category:Electrical Engineering]]