People have believed in the value of gold and silver for thousands of years. Gold has been used as a currency and store of value since ancient times, and its rarity and durability have made it highly prized for jewelry, decorative arts, and other uses throughout history. Silver has also been used as a currency and store of value for thousands of years and is still used today in various industrial and technological applications. Bottom line ever since recorded history people have prized, collected, owned and desired gold and silver.
The use of gold and silver as currency dates back to ancient civilizations such as the Egyptians, Greeks, and Romans, who used gold and silver coins as a medium of exchange. In the Middle Ages, gold and silver coins were widely used in Europe, and gold was also used by Islamic societies for trading purposes. Gold and silver was money, is money and forever will be money that is accepted everywhere in the world.
During the Age of Exploration in the 15th and 16th centuries, gold and silver played a significant role in the economies of the European powers, who used the precious metals to finance their overseas expansion and trade. The discovery of gold and silver in the Americas in the 16th century further fueled their importance in global trade. Think treasure chests, shipwrecked gold, etc. you cant find a more universal money than gold or silver.
Today, gold and silver continue to be widely used as a store of value and as investments. While the use of gold and silver as currency has declined in modern times, their rarity and desirability have made them valuable commodities for investors and collectors alike. In addition, with computers, phones, cars, electric cars, batteries, chips, solar etc. the non-money or bullion uses continue to expand at a rapid pace putting even more pressure on the supply.