# Gold
Gold is a precious metal sometimes used as investment and historically as coinage for [currency](currency.md).

## Properties
Gold is a [speculative](speculation.md) investment. 

Gold has no [fundamental value](fundamental-value.md).

Gold has [use value](use-value.md) in jewellery and electronics.

Gold has no [income-cashflows](income-cashflows.md).

Gold is a [non-productive](productive-asset.md) investment.