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Gold is one of the world’s oldest known and most desirable precious metals. Most often known for its intrinsic worth, gold has been widely minted into money and used as a store of value for thousands of years. Central banks around the world keep a share of their liquid reserves as gold. Its value has been used as a standard for many currencies. Thanks to its stability and relatively rare supply, gold is the most popular precious metal for investing, especially for portfolio diversification.