material settings

ok maybe this is noob question ,but how can I save a material setting?
Let’s say I create a gold ring , and latter want to use those same settings. Can I save them and load and apply them when I want to use them again.

Maybe take a look at the library script

Also if you save the .blend file that the material is in, you can always append (shift+f1) the material from the blend file to the file you are working in.