Gold has been used for thousands of years to make ornamental objects and jewelry due to tradition holding that important items should be crafted from gold. Gold is also used in coins due to its inherent value and limited supply, which allows it to retain value better than other currencies, especially during inflationary times. Additionally, gold is considered auspicious and precious, so it is used to make medals for games and championships as well as religious statues due to its beauty and significance in human culture.