Why Was Gold So Valuable. Gold is rare throughout the universe because it’s a relatively hefty atom, consisting of 79 protons and 118 neutrons. Gold is the shining embodiment of wealth.
But don’t just take our word for it! All the gold mined throughout history would fit into a square box with sides of around 20m in length. Meaning it doesn't lose value.
As Joe Weisenthal Stated In A Speech From May 2018:
Gold imposed itself because it had just the right amount of each of these traits to make it an attractive option. It is quite inert and doesn't corrode. If you want to learn more about the importance of gold, read on to find out why gold is important.
One Of The Striking Things About Gold Is Just How Incredibly Hard It Is To Attain (And Hold Onto Once.
It's been said that if you took all the gold in the whole world and lumped it all together, you would only end up with a 150 foot cube. Gold has retained its value because it is still rare and people like to adorn them selves with it. All the gold mined throughout history would fit into a square box with sides of around 20m in length.
The Estimated Amount Of Gold Left In Earth’s Crust Is 55,000 Tons, Not 55 Tons As The Video States.
The main reason that gold is so valuable is because it is rare. Why gold is valuable (proof of work) despite the beneficial chemical properties of gold highlighted above, its real value comes from the difficulty of its acquisition. So it is easy to find dirt than it is to find gold.
Gold Owes Its Status As A Precious Metal To Its Rarity:
Gold 's valuable is links to its physical properties that render it ideal for use as money.for example gold cannot be distroyed by water ( rast or tarnish) 2.timeless appeal. Gold is the most attractive to the human eye.it is captivating. About press copyright contact us creators advertise developers terms privacy policy & safety how youtube works test new features press copyright contact us creators.
Meaning It Doesn't Lose Value.
And given gold’s importance to investors and industry, it’s hard to imagine a world in which gold didn’t exist. It is durable, portable, divisible, uniform, in limited supply, and accepted and recognized as valuable all around the world. In fact, anybody could put their entire family's wealth in a small bag and carry away (in times of crisis, disaster or migration).