Mankind has wondered, throughout the course of human history, as to the reason of gold’s high valuethere are plenty of exquisite items around the world that are pleasing to the eye that are substantially less valuable than gold. What makes it so darn valuable there are five primary reasons why gold has been valuable since it was first discovered, and why it will retain its value into the future (check the gold price per ounce) let’s have a look at them reason #1: chemical properties the first reason gold is valuable is linked to its physical properties that render it ideal for use as money. Even if a gold has no intrinsic value to the person holding it (he or she can't eat it or drink it), if an agreement is made that turns metal into coins which can be used for easy exchange of goods, that coin takes on a value.
It turns out then, that the reason gold is precious is precisely that it is so chemically uninteresting gold's relative inertness means you can create an elaborate golden jaguar and be confident that 1,000 years later it can be found in a museum display case in central london, still in pristine condition. Home / new zealand articles / reader question | why is gold more valuable than worthless paper so why is gold more valuable than paper as you say “real value lies in food, energy, productive land, seeds, livestock, water etc” that statement is without doubt but how do we measure this value.
An essay by david coil summary gold is both highly valuable, and relatively useless the vast majority of gold mined throughout history is now jewelry, or stored in vaults as an investment however, gold mining has a devastating effect on the environment and is being mined in lower quality deposits than ever before there is already plenty of gold to go around—the perceived value of gold means that it is rarely wasted or thrown away, and even gold mined centuries ago is still in circulation. People will always want shiny things, just like we did when we were kids, but now, next time someone asks you why gold and silver are considered so valuable, you can tell them being boring isn’t always a bad thing. But gold's journey from curiosity to money doesn't fully answer the question, “why is gold valuable” it does, however, show us that gold's physical properties made the metal useful as a store of labor and a standard physical medium of exchange and it is this usefulness as money that gives gold a lot its intrinsic value. Gold is one of the most important, valuable and sought after minerals ever discovered on earthbuying gold as a way to preserve wealth is an extremely common practice there is something magical about it so that most of us are attracted towards it.
If the rest of the world can t tell if your bling is real the show-off value is reduced, that is why for look at me i m loaded statements it is gold every time once napoleon served a state banquet on aluminum plates as it was much more valuable than gold at the time once the rarity was lost the value was gone. The high value of gold is driven by three factors: its practical applications, the largely aesthetic desire people have for it and the perceived protection it grants investors as a hedge against currency fluctuations according to jerry bowyer for forbes magazine, the cash value of all the gold that. Why is gold so valuable a: quick answer the high value of gold is driven by three factors: its practical applications, the largely aesthetic desire people have for it and the perceived protection it grants investors as a hedge against currency fluctuations.
Economics and gold essay explain changes in the price of gold and why the price of gold has proved so volatile answer this essay will examine the changes in the prices of gold and explain why is it so volatile using supply and demand strategy gold is considered to be a very expensive metal in the world.
That's why we place particular value on gold it turns out then, that the reason gold is precious is precisely that it is so chemically uninteresting gold's relative inertness means you can create an elaborate golden jaguar and be confident that 1,000 years later it can be found in a museum display case in central london, still in pristine condition. Now, the story above explains why gold and silver were initially chosen as the preferred currency method for many cultures around the world, but the reason it remains so sought after is because over the millennia and centuries, despite moving into paper currency in most parts of the world, global economics was once tied to the gold standard.