Gold is one of the transition metals. Gold is one of the precious metals and copper, together with one of the few colored metals. Gold has been used for thousands of years for ritual objects and jewelry, and since the sixth century BC in the form of gold coins as payment, it is thus one of the coinage metals.

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Gold is used in the form of gold coins and gold bullion as an international currency and central banks of many of the world is stored as a reserve currency, although today the currencies are not backed by gold reserves. In times of crisis (eg, inflation or economic crisis), gold is seen as a stable store of value, which can learn to value other assets increase in value relative one. The intrinsic value of gold is determined by its relative rarity and applied by the average performance in its promotion. Therefore, gold has no counterparty risk as any other paper investments, where interest rates are perceived depends on the default risk of the market participants.