For over thousands of years, gold survived the cycles of life ravages and the ages of crisis. Until today gold plays a relevant role of the safest monetary asset within the international monetary system where central banks still hold international reserves in gold to preserve wealth and hedge against economic uncertainties and political instability. 

Gold stood the test for years as the ultimate store of value, wealth preserver and medium of exchange.

 Investors rely on gold on the long-run as well since the purchasing power of fiat currencies diminishes over time due to inflation and multiple other factors conversely to the value of gold and its purchasing power.

To prefer paper to gold is to prefer high risk to lower risk, instability to stability, inflation to steady long-term values, a system of very low-grade performance to a system of higher, though not perfect performance"- William Rees Mogg

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