Gold is rare, but not too rare. Nothing too common can be build up a lot of monetary value, but something too rare wouldn't build up enough ...
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While gold is rare, it is not too rare. There is enough available to make it practical to use for money. A piece of gold can easily be divided into smaller ...
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Because it's rare, it's portable, it's easily identifiable, and rich people like to dangle it from their bodies and fashion their belongings out of it, ...
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Aug 23, 2017 · Gold is more prolific than many other elements also because of its lack of reactable components. Gold is very hard to dissolve and doesn't bond ...
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One might ask, "why are dollars so cheap?" The price of gold is just the "exchange rate" of dollars for gold, just like dollars for euros. The reason gold is " ...
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Gold is rare and cannot be cheaply or easily manufactured. It's compact and can be stored easily. It won't rust, rot or decay when stored in a safe place. It's ...
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Gold and silver became useful as money since they are rather unreactive with their environments. You can toss your gold coins in a bag, or your cellar, or a ...
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Gold is probably mostly valuable because of its long association with money. The fact that it's not useful for most things actually kind of makes it better as a ...
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Jan 24, 2022 · The main advantage of gold is corrosion resistance, which is why electrical contacts are sometimes coated in it. Source: https://www.thoughtco.
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Aug 23, 2015 · Over the course of civilization, because gold was the most useful substance to use for money, it came to represent wealth. That perception still ...
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Feb 14, 2022 · Because people perceive gold as more valuable. It isn't about the utility of the thing, bank notes have almost zero industrial utility, ...
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Because Unlike money that can change value each day, gold doesnt. You can print lots and lots up on lots of money, which will decrease the value of it. But gold ...
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Gold is a very big pipe, meaning water (electricity) can flow very easily. Gold also makes for a very sturdy pipe (it's resistant to chemical breakdown). Gold's ...
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Jun 17, 2017 · Copper is also unique in color and when made into bronze maintains it's color. Platinum is more rare than gold without changing colors. It seems ...
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Aug 14, 2015 · So it would always have been an attractive and useful material. The reason it becomes valuable is because it's limited supply. In the modern era ...
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